this post was submitted on 30 Nov 2023
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Given that Googles estimated annual revenue is between 160 - 180 billion, that 74 million is only 0.04625% (if taken from the lower estimate) I'm sure they would chalk it up to just the price of doing business.
Well on the flip side, if Google doesn't mind paying that amount, Canada's news industry just gets $74 million more every year than it usually does.
And it will all go straight to their CEOs. None of the people who actually do hard work will see a penny of that.