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RE: Europe is Planning a Content "Snippet Tax" for Google and Other News Aggregators
If not for internet, especially at this point of time, NEWS channels will go out of Business. The news itself has sort of become too centralised and can publish anything and everything, as Trump says Fake News.
They will repent taxing Google and as you said their traffic will go down probably 40% to 50%, no questions asked. If Google and others decide not to share news content.
Yup, their days are numbered, counting down...