Canadian Heritage committee  Thank you, Mr. Waugh. Certainly if there are government funds on offer to Meta, we would apply for those, absolutely.

Canadian Heritage committee  Yes. Well, I think that's true, Mr. Waugh, through the chair. If I could, I'd just respond to this question about the value of news, though, which I know you raised also. I think that when we're talking about value, we believe that news has a real social value. The problem is that it doesn't have much of an economic value to Meta.

Canadian Heritage committee  Thank you, Ms. Gladu. Through the chair, we can't speak to the CRTC's current resourcing. My understanding is that they are not currently resourced to deal with this legislation or to implement it, and that they would need to acquire the resources to do that.

Canadian Heritage committee  Thank you, Ms. Gladu. Through the chair, we have certainly signed a number of deals with Canadian publishers to support the work they're doing, and in particular to support new and innovative business models. Look, a central fund model would be very different from what's proposed in BillC-18.

Canadian Heritage committee  Through the chair, yes, we're not designated under the Australian legislation. It does not apply to us or to any other platform. One of the key differences between the legislation in Australia and the legislation in Canada is that the Australian legislation allowed time for a process to unfold whereby we could reach what we call an untidy and short-term compromise for news to remain on our platforms, and that's currently where it sits now.

Canadian Heritage committee  Thank you, Ms. Gladu. Through the chair, one of the problems with the Canadian legislation is that it doesn't actually allow for any kinds of discussions like that, or for a process to unfold, before we are designated and subject to the framework contained in Bill C-18. We are virtually automatically designated under this framework as soon as the bill and regulations are finalized.

Canadian Heritage committee  Thank you, Ms. Gladu. Yes, one of the things we spoke to senators about, which they seemed interested in, was the preservation of copyright principles. This is what the EU has done in a similar context with respect to news publishers. There is no monetary compensation required for the posting of links or snippets in the EU.

Canadian Heritage committee  Thank you, Mr. Julian. I can say this. Our community standards prohibit hate speech and prohibit misinformation on our platforms. We have large teams working around the world to remove content that's forbidden by our community standards, and that includes hate speech or any content that would incite people to violence, and we work very hard to remove that.

Canadian Heritage committee  It was $13 billion in North America for the last quarter, Mr. Champoux.

Canadian Heritage committee  Mr. Shields, through the chair, the content of those deals and who they are signed with is a matter of commercial confidence.

Canadian Heritage committee  We have 18 now, Mr. Shields.

Canadian Heritage committee  Through the chair, we share your concerns that small and local publishers and news outlets will not benefit from this bill. In fact, as the Parliamentary Budget Officer has recently confirmed, more than 75% of the funds that are purported to be raised under this bill are going to go to the most profitable and highly subsidized broadcasters in Canada.

Canadian Heritage committee  Thank you, Mr. Champoux. We are frustrated too. We really wanted Mr. Clegg to appear here. He was eager to appear to discuss the online news act, to discuss Bill C-18. We received last-minute notice on Thursday evening last week that the title of this hearing would be changed, and we took that, understandably, as a very significant change to the framing of the hearing, in that that it would not be about Bill C-18 but about a suite of other matters altogether, and on that basis Mr.

Canadian Heritage committee  Through the chair, no, it's our intention that none of those pages that are not in fact news pages will be blocked or removed or removed from access by Canadians. We are working very carefully to ensure that doesn't happen. Mr. Julian, this is a business decision that we're being forced to make by this legislation.

Canadian Heritage committee  We don't break out Canadian revenue. I can confirm that Meta's revenue for the last quarter, I believe, was in the order of $13 billion.