Meta threatens to stop sharing news if Canada enacts regulatory bill

Facebook parent company Meta threatened to stop sharing news in Canada in response to pending legislation that would force it to share more profits with journalism outfits, a hardball approach toward a form of regulation that has gained support in the United States as well.

"This legislation puts Meta in an invidious position," Meta spokesman Nick Clegg said in prepared testimony made public on Monday. "In order to comply, we have to either operate in a flawed and unfair regulatory environment or we have to end the availability of news content in Canada. With a...