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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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Why the meme-stock frenzy is unlikely to repeat

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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

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Why are airlines after the Biden Administration?

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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

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The mounting pressure on Government spends

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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

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