News

Meta shows commitment to journalism by banning news in Canada

Published

2 years ago

August 2, 2023

Meta Platforms initiated the process of blocking access to news on both Facebook and Instagram for all users in Canada, citing its response to a recently passed law that mandates internet giants to pay news publishers for their content.

The Canadian government swiftly condemned this move, labeling it “irresponsible” and drawing international attention to the unfolding situation.

The Online News Act, passed by the Canadian parliament, requires major platforms like Meta and Google’s parent company, Alphabet, to engage in commercial negotiations with Canadian news publishers for the use of their content. Rachel Curran, Meta’s head of public policy in Canada, defended the decision, stating that users of their platforms primarily seek entertainment content rather than news.

Canadian Heritage Minister Pascale St-Onge, responsible for handling the government’s interactions with Meta, expressed dissatisfaction with the company’s stance, accusing them of prioritizing their interests over supporting quality local news. She emphasized the government’s commitment to standing firm against tech giants in order to safeguard Canadian interests.

CBC, Canada’s public broadcast network, echoed the government’s sentiment, denouncing Meta’s action as an abuse of market power. The Canadian law follows in the footsteps of Australia’s groundbreaking legislation in 2021, which led to Google and Facebook threatening service curtailment but ultimately resulted in agreements with Australian media companies after amendments were made to the legislation.

While Google has argued that the Canadian law is broader than those implemented in Australia and Europe, as it places a value on news story links displayed in search results, Meta has claimed that news links constitute less than 3% of content on users’ feeds and, therefore, lack significant economic value.

Canadian Prime Minister Justin Trudeau previously dismissed this argument, considering it detrimental to democracy and the economy. The situation remains tense as the Canadian government continues to defend its law, highlighting the ongoing global trend of holding tech companies accountable for their use of news content.

News

Betoota’s fake $34.5 million Sportsbet deal sends media Into meltdown

The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.

Published

3 hours ago

November 6, 2025

Ahron Young

The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.

Australia’s most infamous satire site, The Betoota Advocate, caused online chaos after posting a fake $34.5 million “acquisition offer” from Sportsbet. The joke was so convincing it fooled thousands, including major media outlets, and reignited debate about what’s real in today’s digital news cycle.

In this episode, we break down how the prank unfolded, why so many believed it, and what it reveals about trust in media. From viral posts to red-faced journalists, it’s a story that blurs the line between clever satire and misinformation.

So, is Betoota simply trolling the system, or holding up a mirror to it? Darren Woolley from TrinityP3 joins us to unpack what happens when satire hits too close to home.

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#BetootaAdvocate #Sportsbet #FakeNews #Satire #MediaTrust #ViralStory #TickerNews #Australia

News

UPS cargo plane crashes in Kentucky, as death toll rises

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

Published

22 hours ago

November 5, 2025

Ahron Young

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.

A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.

Several people with serious injuries are receiving treatment at nearby hospitals.

The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.

Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.

Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.

UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.

Investigation Underway

The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.

In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

1 day ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing