Money

Facebook cops a grilling from Australian Senators

Published

3 years ago

July 30, 2021

Australian senators are questioning why Facebook isn’t tougher on anti-vax content that is present on the social media platform following a number of protests over the weekend.

The country’s Labor party is warning the company that “it has serious questions to answer” when it comes to its activities in Australia.

It comes as the latest Senate Hearing Committee into foreign interference on social media gets set to take evidence from Google and Twitter today.

Greens Senator Sarah Hanson-Young told the New Daily “despite all its claims of acting to stem the publication of false information, the platform clearly continues to be used to spread misinformation”.

Facebook has defended its actions, saying it deleted numerous posts last week that were being used to organise anti-vax protests.

The Senate Committee was initially formed to deal with foreign interference through platforms like TikTok.

But recent events have prompted the members to shift their attention onto the spread of lies, misinformation, and hate speech on social media sites.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending