Facebook's News Woes: Name Changes, Economic Value, and Threats to Pull Content in Canada

Nick Clegg, Meta's President of Global Affairs, bailed on a Canadian government hearing after lawmakers changed the event's title to be critical of Facebook. The hearing was meant to debate the "Online News Act," which would force Facebook and other internet companies to pay publishers for their content. Meta is threatening to cut Canada off from news links altogether if the contested legislation passes. Clegg claims the bill is based on a "fundamentally flawed premise" that Meta unfairly benefits from publishers' work.