Thank you, Madam Chair.
Thank you to the witnesses for appearing before the committee today to speak to this important bill we're working on.
Just like Mr. Housefather earlier, I'm quite pleased to see that Mr. Chan managed to find his file with Facebook's figures. Indeed, the last time we asked him questions on Facebook's revenues, getting any answers was pretty difficult, so I'd like to seize this opportunity.
Mr. Chan, I suppose you remember your discussion last year with Jean-Hughes Roy, a renowned academic who devotes a lot of time to the issue of social media. When he was interviewed on TVA, he said that, in his view, it was obvious that part of Facebook's revenues—and Google's, too, but let's focus on Facebook today—is derived from journalistic content.
When you spoke with him, you might remember telling him that blocking access to journalistic content in Australia as a form of protest hadn't had any impact on your company's revenues.
Let's look at the numbers. Challenge them all you want, but Mr. Roy arrived at some interesting conclusions and revealed that average advertising revenues per Facebook used were around $82.21. On a per-capita basis, using 2017 numbers, we can conclude that Quebeckers generated $451.2 million U.S. for your company. If I'm being excessively precise with my decimals, we can round down.
Mr. Chan, do you agree with these numbers?