Breaking News: Elon Musk Invents New Type of A.I.

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement

Anusuya Lahiri
April 15, 2024

Meta Platforms, Inc (NASDAQ:META) has announced that it will cease operating Threads in Turkey starting Monday, April 29, in response to an interim order from the Turkish Competition Authority (TCA). 

This decision will likely disappoint many Turkish users actively participating in the Threads community

Meta will notify all Turkish Threads users of this change through the app before the shutdown date to ease the transition. 

Also Read: Meta Enhances Election Safeguards for 2024 To Tackle Misinformation

Users in Turkey can either deactivate their Threads profile, preserving the possibility of reactivating it if Threads returns, or delete their profile entirely. 

Those opting for deactivation can still access and download their posts using the Download Your Information tool.

The move came after the TCA issued an interim order that prevented data sharing between Threads and Instagram, a decision Meta disagreed with. 

The company said it believes it complies with all Turkish legal standards and plans to appeal the order.

Despite disagreeing with the TCA’s interim order, Meta temporarily suspended Threads’ operations in Turkey. 

Meta intends to maintain a constructive dialogue with the TCA and aims to reinstate Threads for its Turkish user base as soon as possible.

Meta’s launch of Threads in the EU got delayed due to the Digital Markets Act (DMA), which, as of July 2023, classified Meta along with other tech leaders like Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) as platform gatekeepers. 

Meta lowered the monthly fee for its ad-free versions of Facebook and Instagram in Europe to 5.99 euros, down from the initial 9.99 euros. The fee adjustment responds to the DMA’s restrictions on Meta’s ad personalization capabilities, seeking a balance between complying with EU privacy regulations and the DMA. 

This adjustment occurs amidst broader EU scrutiny of Big Tech’s dominance and privacy practices, with Meta contesting a fee to fund the enforcement of the new EU Digital Services Act (DSA), which demands enhanced content moderation from major online platforms.

Meta stock gained 134% in the last 12 months. Investors can gain exposure to the stock via The Communication Services Select Sector SPDR Fund (NYSE:XLC) and Fidelity MSCI Communication Services Index ETF (NYSE:FCOM).

Price Action: META shares are trading lower by 2.41% at $499.58 on the last check Monday.

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

Image Credits – Shutterstock

Continue Reading...

Popular

Record broken for most passengers screened at US airports, TSA says

ATLANTA (AP) — A record was broken for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday.

What's open and closed on Memorial Day

In what had long been celebrated every May 30 to honor America's fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - 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.

Tower Semiconductor CEO Eyes Recovery, Projects Over 7% Growth Next Quarter

Tower Semiconductor (TSEM) reported Q1 2024 revenue of $327.24M, beating analyst estimates. CEO optimistic for recovery despite market downturn.

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%!

Australia Calls For Inquiry Into Meta's Facebook, Elon Musk's X, TikTok To 'Make These Platforms Accountable For Their Decisions'

The Australian government has expressed concerns over the lack of regulation and oversight on social media platforms, which have a significant impact on the content viewed by Australians. The inquiry will specifically focus on the platforms' handling of violent content and their withdrawal from paying for news in Australia.

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 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

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.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

June 24th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on June 24th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Equinor Swaps Assets for Streamlined Norway Operations

Equinor and Petoro signed a value-neutral asset swap agreement in Haltenbanken region, increasing Equinor's ownership in Heidrun and Noatun and reducing it in Tyrihans and Castberg.

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. 

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)

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but that most of the businesses it owns outright performed well.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Piper Sandler analyst attended Virtual Iceberg Summit with tech giants. Snowflake seen as having potential drag on growth, but threat may be overstated.

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

RIO DE JANEIRO (AP) — Madonna will give a free concrete on Copacabana beach Saturday night, turning its vast stretch of sand into an enormous dance floor. It comes after Rio de Janeiro spent the last few days readying itself for the historic performance by the “Queen of Pop.”

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

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.

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.

FTX says most customers will get all money back, less that 2 years after catastrophic collapse

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

The Biggest Year in Crypto Is Here... Right Now - Ad

The LAST bull run in crypto handed out 4 and 5-figure returns... This time the odds are stacked even better in our favor. 19 Wall Street banks are pouring millions into crypto right now... Blackrock Financial has gone ALL IN and is already breaking records with their investment. $100 trillion in Wall Street money is just waiting to be deployed. The only thing missing... is you.

Japanese automaker Honda reports booming profit on sales growth, weak yen

TOKYO (AP) — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday.

Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees

Elon Musk re-hires some of the 500 laid-off members of Tesla's Supercharging team. The company plans to invest over $500 million to expand the network.

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

Declares this radical biotechnology "is going to be flat out one of the biggest [tech revolutions] ever." And this $10 stock is at the center of all.

Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch

President Joe Biden's administration is moving to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

Hollywood's Horrible Year? Not For CEOs: Disney's Bob Iger, Warner Bros.' David Zaslav Enjoy Huge Paydays

As director Kevin Smith once said, "In Hollywood, you just kind of fail upwards." Bob Iger and David Zaslav are among those who failed best.

Senate Opens Door for Uranium Boom, Outlawing Russian Supply - Ad

Just days ago, Uncle Sam made the bold move to ban the importation of Russian Uranium. This could create a massive supply vacuum considering the US is the number one buyer of enriched Russian uranium.

The Taliban warn journalists and experts against cooperating with Afghanistan International TV

KABUL, Afghanistan (AP) — on Thursday warned journalists and experts against working with Afghanistan International TV, saying they would be committing a crime if they cooperated with the station. It’s the first time they have told people not to cooperate with a specific outlet.

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

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