Thank you, sir.
I want to point out that this fund actually represents a very small percentage of what Facebook paid under the news media bargaining code in Australia and what it would be mandated to pay under Bill C-18.
I want to go a bit into your statement that news has no value to Facebook.
We know that Facebook collects millions of data points on its 21.5 million Canadian users. Your company has pushed back against regulation internationally that would limit your ability to harvest data for ad tracking. Are you really telling us that the data collected on the content a user views on your platform is of no value to Meta?