Have You Ever Wondered How Pro Traders Ride Big Trends?

Do you want to ride the type of trend that keeps going higher and your returns keeps snowballing - while you do nothing? The trick pro traders use is stop loss orders. This e-book shows you how to navigate that strategy.

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Meta's Move To Block News Erodes 'Signals Of Reliability' As Right-Wing Memes Thrive On Canadian Facebook: Report

Ananya Gairola
April 14, 2024

The decision by Meta Platforms Inc. (NASDAQ:META) to block news links in Canada has reportedly led to a surge in right-wing content and could potentially disrupt political discourse.

What Happened: Meta’s move to block news links in Canada, rather than pay media companies for their content, has led to a significant increase in right-wing content on the platform, reported Reuters.

This decision could have far-reaching implications for political discourse, especially in election years.

Jeff Ballingall, a prominent right-wing meme producer in Canada, has seen a substantial increase in traffic to his Canada Proud Facebook page since the news block. “Our numbers are growing and we’re reaching more and more people every day,” he said.

See Also: Elon Musk Reacts To Old Clip Of Steve Jobs, Tesla Seeks Apple’s Aid And Small Browsers Challenge Tech Giants: This Week In Appleverse

Two unpublished studies, shared with the report, have found that the absence of news on the platform has led to a significant shift in how Canadian Facebook users engage with political information. This shift could potentially undermine political discourse, particularly in election years.

“The news being talked about in political groups is being replaced by memes,” said Taylor Owen, founding director of McGill University’s Centre for Media, Technology and Democracy, who worked on one of the studies. “The ambient presence of journalism and true information in our feeds, the signals of reliability that were there, that’s gone.”

Researchers suggest that in elections like 2025, the rise of opinionated and unverified content coupled with a dearth of reliable news on the platform could erode political discourse.

Meta’s decision to block news links has also sparked concerns about the spread of misinformation. A separate study found that engagement with what it categorized as “unreliable” sources increased significantly after the news ban. “This is especially troubling,” said Gordon Crovitz, co-chief executive of NewsGuard, a fact-checking company that scores websites for accuracy.

Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

Why It Matters: Meta’s decision to block news links in Canada is part of a broader trend of the company scaling back on news and political content. The company discontinued its Facebook News feature in the U.S. and Australia following the closure of the feature in the U.K., France, and Germany last year.

Despite this trend, Facebook remains the most popular social media platform for current affairs content, with 51% of Canadians obtaining news from the platform in 2023. The report noted that in Australia, where two-thirds of the population is on Facebook, 32% used the platform for news last year.

Meanwhile, unlike Facebook, Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has not signaled any alterations to its agreements with news publishers in Australia. It has also secured an agreement with the Canadian government to provide payments to a fund to bolster support for media outlets.

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Read Next: Wedbush’s Dan Ives Says Apple Has ‘Best Installed Base In The World’ For Its AI Future: WWDC A ‘Key Moment’ For Cupertino

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image Credits – Shutterstock

Continue Reading...

Popular

Tesla Stock Is Rallying Tuesday: What's Going On?

Tesla has increased its 72 month loan rate (APR) in the U.S. from 0.99% to 1.99%, according to Benzinga Pro. The loan rates for 36, 48 and 60 month loan terms are still set at 0.99%.

Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers

MINNEAPOLIS (AP) — People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu’s surging burn rate to speculation of certain altcoins becoming irrelevant.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

California moves closer to requiring new pollutant-warning labels for gas stoves

SACRAMENTO, Calif. (AP) — California could require all new gas stoves sold in the state to carry a label warning users about pollutants they can release that have been linked to respiratory illnesses.

PASSIVE INCOME (by this evening) - Ad

Hey, I have an unique opportunity for those looking for additional ways to earn income right now. It can be done from home. You can do it in your spare time. And it only takes 6 clicks and as little as $50.

GameStop, AMC, Alibaba, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51.

Coca-Cola, PepsiCo And Nestlé Are Top Plastic Polluters: Is Hemp The Answer To Nanoplastics In The Oceans??

According to a new study published in Science Advances, fifty-six brands led by Coca-Cola (NYSE: KO), PepsiCo (NASDAQ: PEP), and Nestlé (SWX: NESN) are responsible for more

Why's Wall Street Pouring Money Into This Tiny Biotech? - Ad

This biotech currently has four drugs in mid to late-stage clinical trials. And any one that gets approved could send their share price skyrocketing. Institutional investors are taking notice...They more than doubled their stock purchases of the company in the final quarter of 2023...Do they know something you don't?

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Top public relations executive at Chinese technology firm Baidu apologizes after sparking backlash

HONG KONG (AP) — A top public relations executive from Chinese technology firm Baidu apologized Thursday after she made comments in a series of videos that critics said glorified a culture of overwork.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Forget Gold. Ditch AI Stocks. Get In on This Instead - Ad

If you're nowhere near the place you want to be with your retirement savings right now and worried about what the future has in store... you owe it to yourself to give me just 10 minutes of your time today... Do that and you'll discover the jaw-dropping details we've uncovered about the next generation of investing.

Japanese game maker Sega Sammy sells resort to US fund

TOKYO (AP) — Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Congress is sending families less help for day care costs. So states are stepping in

ALBUQUERQUE, N.M. (AP) — Across the country, the story for families is virtually the same: Child care is unaffordable for many, hard to find for those who can pay, and financially precarious for day care operators and their employees.

Uranium Prices Soar 74% in 6 Months! The Uranium Bull Market Is Here to Stay! - Ad

In December 2023, 22 countries pledged to 3X their nuclear capacity. Sending these uranium stocks into a frenzy. Here's 1 uranium miner that exploration records show is sitting on 2.4 million pounds of uranium.

What's Going On With Chinese EV Maker XPeng Stock Today?

XPeng shares are up in premarket trading as the company reportedly plans to use BYD batteries for its new Mona sub-brand, aiming for a June debut of its first A-class compact electric sedan priced between RMB 100,000 and RMB 150,000.

Why Hims & Hers Health Stock Is Rising Today

After the market close on Monday, Hims & Hers Health reported strong first-quarter results that included revenue of $278.2 million, representing a 46% increase from $190.8 million in the first quarter of 2023. The number beat analyst estimates of $270.382 million.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Microsoft pledges $4.3 billion investment at Macron’s ‘Choose France’ summit

PARIS (AP) — Microsoft announced its most substantial commitment yet to France, pledging on Monday to invest 4 billion euros ($4.3 billion) this year to bolster the country’s burgeoning artificial intelligence sector.

Spot Bitcoin ETFs See $100M Inflows On Wednesday Amid Institutional Adoption

Bitcoin spot exchange-traded funds (ETFs) continued to attract investor interest on May 14, with total net inflows into these funds reached $100.5 million, highlighting ongoing demand for direct exposure to Bitcoin (CRYPTO:

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Schwazze's Q1 2024 Financial Results: Takes A Hit In Colorado, Overall Cannabis Sales Up By 9%

Medicine Man Technologies, Inc., operating as Schwazze (OTC: SHWZ), announced its financial results for the first quarter ended March 31, 2024.

Obama's 2024 Surprise: His Secret Plan to Finish What He Started - Ad

The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today.

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

MINNEAPOLIS (AP) — On college campuses across the country, a rallying cry of has been “ ! We will not stop, we will not rest.”

Why Is Small-Cap Alzheimer's-Focused AC Immune Stock Trading Higher On Monday?

Unlocking hope for Alzheimer's with ACI-24.060. Takeda's agreement with AC Immune targets toxic forms of Abeta, potentially slowing disease progression.

19 of America's 25 Richest Are Using a New Form of Money--Are You? - Ad

Since 2010 the U.S. dollar has lost 30% of its value. That's why some savvy Americans (including 19 of the nation's 25 richest people) are using to a New Form of Money, up 350% during same time period . Is America's New Money right for you? One of the country's leading experts, (a multi-millionaire analyst, who built a business worth more than $1 billion)

I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished

NORWALK, Conn. (AP) — A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut has been demolished.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service