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Russian authorities add Meta to terrorist and extremist organisations list

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Meta is in hot water with Russians. Russian authorities have added the owner of Facebook and Instagram to a list of terrorist and extremist organisations

According to Interfax, being placed on a list of extremist organisations means banks can freeze Meta’s funds in Russia.

The two platforms were banned in Russia in March for “Russophobia”.

This follows Meta’s announcement it would permit posts such as “death to Russian invaders” but not credible threats against civilians.

Meta appealed against the ban but it was upheld by a Moscow court in June.

What does this mean for Meta? Well, according to Russian news outlets, not much good. financially speaking, at least.

The addition to the list of terrorist and extremist organisations means that banks can now freeze any of Meta’s funds that are located within Russia. Ouch.

Meta’s response to this was to permit posts such as “death to Russian invaders” but not credible threats against civilians. Understandably, this didn’t go over well with the Russian authorities.

At this point, it’s unclear what Meta plans to do next. For now, it seems they’re stuck between a rock and a hard place.

Do they continue to allow posts that speak out against the Russian government? Or do they start censoring their users in order to avoid further conflict? Only time will tell.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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