It’s not a dumb law. Musk’s quote conveniently side-steps the truth. The way it was: Search/social media website provided pointless links to the news source while stealing the news and publishing it itself and earning all the ad revenue. Original news source: starved.

The way the law should have worked (and will as soon as Meta and X’s greed corrects itself): Search/social media websites provide link to news provider and gains ad revenue as normal. News provider actually gets visits to read their news and also earns ad revenue.