Google retaliates against C-18

Author

Jay Lutz
June 30, 2023

Sponsored by Sterling Metals

The end of Canadian news?

Google (NASDAQ: GOOGL) has announced that it will remove Canadian news content from its platforms in Canada in response to the Liberal government’s recently passed Online News Act.

The decision comes after negotiations with the federal government failed to resolve the tech company’s concerns about the legislation, called Bill C-18. Similar to its fellow tech titan Meta (NASDAQ: META), Google is resisting the new law, which mandates conglomerate online platforms to negotiate with Canadian media publishers for sharing and directing users to online news content.

The Canadian government, for its part, asserts that the law aims to curtail the dominance of these tech companies in the digital advertising market, with financial penalties ensuing should they fail to comply.

You can read more on the matter here.

Sterling Metals (TSXV: SAG) is a mineral exploration company focused on Canadian exploration opportunities. The company is currently advancing its 100% owned Sail Pond Project located in the Great Northern Peninsula of Newfoundland. The 13,500 ha Sail Pond Project is a brand-new discovery, first discovered in 2016.

What’s going on?

  • Supreme Court Ruling Ends Affirmative Action in University Admissions (theDeepDive)

  • Applications for Bitcoin ETFs Hit a Roadblock as SEC Demands More Clarity (theDeepDive)

  • Supreme Court blocks Biden student loan forgiveness (Reuters)

  • Cooked? Inside the Instant Brands Bankruptcy Filing (theDeepDive)

  • Canadian Heritage Minister Undeterred by Tech Giants’ Opposition to Online News Act (theDeepDive)

  • Former Pfizer Employee Charged by SEC for Insider Trading (theDeepDive)

  • France riots: Public transport curtailed after rage over shooting (Reuters)

  • Is Donald Trump Considering Twitter Comeback Amid Legal Battles?(theDeepDive)

Total Helium expands production

The stock market and stuff

  • Airbnb: Will Barbie Save The (Disputed) Collapse? (theDeepDive)

  • OpenAI and Microsoft Face $3 Billion Lawsuit Over Alleged Theft of Personal Data for ChatGPT (theDeepDive)

  • Tesla Closes In on Another Deliveries Record After Price Cuts (Bloomberg)

In the juniors

  • Canopy Growth Sees Just $12.5 Million In Debt Convert To Equity Ahead Of July Maturity (theDeepDive)

  • Australian Explorer Kuniko Secures 19.99% Investment, Offtake Deal With Stellantis (theDeepDive)

  • Tantalus Labs Files for Restructuring, Lays Off Most of Staff (theDeepDive)

FULL DISCLOSURE: Sterling Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Sterling Metals. The author has been compensated to cover Sterling Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.