Nintendo Warns of Big Slowdown in Switch Console Sales
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent
2023-06-23 17:27
Facebook and Instagram to block news in Canada
Meta has announced plans to remove all news content from Facebook and Instagram in Canada ahead of a new law coming into effect that would force the platforms to share revenue with publishers. The Online News Act, known as Bill C-18, will force big technology companies to compensate news publishers for content that appears on their platforms, with Google also impacted by the legislation. “Today, we are confirming that news availability will be ended on Facebook and Instagram for all users in Canada prior to the Online News Act (Bill C-18) taking effect,” Facebook said in a blog post. “We have repeatedly shared that in order to comply with Bill C-18, passed today in Parliament, content from news outlets, including news publishers and broadcasters, will no longer be available to people accessing our platforms in Canada.” Ottawa has said the law creates a level playing field between online advertising giants and the shrinking news industry. Canadian Heritage Minister Pablo Rodriguez has promised to push back on what he describes as “threats” from Facebook and Google to remove journalism from their platforms. Meta’s plan to comply with the new law by blocking all news will also likely be harmful for news organisations, who derive web traffic from stories posted to Facebook and Instagram. The tech giant did not offer details about the timeline for the move, with the bill set to come into force six months after it receives royal assent. Meta, which is based in Menlo Park, California, has taken similar steps in the past. In 2021, it briefly blocked news from its platform in Australia after the country passed legislation that would compel tech companies to pay publishers for using their news stories. It later struck deals with Australian publishers. Laura Scaffidi, a spokesperson for the minister, said Mr Rodriguez was set to have a meeting Thursday afternoon with Google, which has hinted that removing news links from its popular search engine is a possibility. The company didn’t provide comment on the matter. Meta is already undergoing a test that blocks news for up to five percent of its Canadian users, and Google ran a similar test earlier this year. The Online News Act requires both companies to enter into agreements with news publishers to pay them for news content that appears on their sites if it helps the tech giants generate money. Ms Scaffidi said: “The tech giants do not have obligations under the act immediately after Bill C-18 passes. As part of this process, all details will be made public before any tech giant is designated under the act.” Additional reporting from agencies Read More Elon Musk confirms cage fight with Mark Zuckerberg Facebook Marketplace is most complained-about online retail platforms Meta reveals new AI that is too powerful to release Mark Zuckerberg reveals what he thinks about Apple’s headset – and it’s not good
2023-06-23 16:29
A 99% Stock Crash and Shock Default Raise Alarm in Thailand
Only a year ago Stark Corp. looked like a Thai corporate success story. Backed by a wealthy local
2023-06-23 14:18
Koreas Speed Up Drone Race After Unprecedented Incursions
As the two Koreas near the anniversary of the start of their conflict in 1950, both sides are
2023-06-23 13:17
EU Warns Twitter Must Bolster Resources Ahead of Elections
Elon Musk’s Twitter needs to put more resources toward addressing sensitive content if it wants to comply with
2023-06-23 12:46
A bipartisan bill aims to protect journalists from being forced to reveal their sources
Journalists could soon enjoy greater protections under federal law.
2023-06-23 10:55
Malaysia to take legal action against Meta, says harmful content not removed
KUALA LUMPUR (Reuters) -Malaysian authorities said on Friday they will take legal action against Facebook parent company Meta Platforms for
2023-06-23 10:49
Steve Cohen-Backed 24 Exchange Shuts Down Spot Crypto Product Citing Weak Demand
A trading platform that raised millions of dollars in a round backed by Steve Cohen’s Point72 Ventures is
2023-06-23 08:53
Asia Stocks Set for Mixed Open as Bond Yields Rise: Markets Wrap
Asian stocks were set for a mixed open after US equities struggled for direction throughout most of the
2023-06-23 07:26
Titanic director James Cameron: 'I felt in my bones what happened' to sub
James Cameron, who has done 33 dives to the Titanic, tells the BBC he predicted the sub's loss days ago.
2023-06-23 07:18
San Francisco Mayor Floats Razing Mall in Crisis-Ridden Downtown
San Francisco Mayor London Breed called on investors to redevelop the city’s struggling downtown core by converting or
2023-06-23 06:53
Amazon’s Zoox Races to Beat Robotaxi Rivals: Tech Summit Update
Zoox, the self-driving unit of Amazon.com Inc., is still in the race to win key markets for future
2023-06-23 06:28