I had been following C-18 closely. Wanted it to fail. Facebook/Meta bailed out of the market, deciding to not paying anything. The other one was Google which finally settled for paying $100m per year to a single institution which will divide the money among others.
That's still far less than what Canada was asking. 2% of their yearly revenue which was bumped up to 4% after Meta left. But Google's $100m is more like 0.5% of their yearly gross revenue in Canada.
That's still far less than what Canada was asking. 2% of their yearly revenue which was bumped up to 4% after Meta left. But Google's $100m is more like 0.5% of their yearly gross revenue in Canada.