Facebook will end news sharing as Canada passes payment bill

Facebook says a new Canadian law compelling social media giant to pay publishers for news will come at a price.

Meta Platforms Inc has announced it will end access to news on Facebook and Instagram for all users in Canada after the country’s Parliament approved legislation designed to compel internet giants to pay publishers.

The legislation, known as the Online News Act, was approved by the Senate on Thursday and is expected to be formally adopted shortly.

“Today, we are confirming that…