05:11:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 5,050,000
Close 2023-08-01 C$ 18.30
Market Cap C$ 92,415,000
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Globe/CP say Meta ending news access for Cdn users

2023-08-02 07:23 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 2, edition that Meta is officially ending news availability in Canada. A Canadian Press dispatch to The Globe reports that Meta said Tuesday that within a few weeks, it will remove news for all Canadian users at its Facebook and Instagram platforms. In June, Meta started running a test that limited news for up to 5 per cent of users, but now it says it is moving out of the testing phase. Meta Canada's Rachel Curran said, "In order to provide clarity to the millions of Canadians and businesses who use our platforms, we are announcing today that we have begun the process of ending news availability permanently in Canada." That means Canadians will no longer be able to share or view news articles and other content posted by publishers and broadcasters, including international outlets. News links to articles, reels -- which are short-form videos -- or stories, which are photos and videos that disappear after 24 hours, are also expected to be affected by the block. People outside of Canada will not see a change. News Media Canada president Paul Deegan said this "intemperate" action will harm user experience and devalue the Facebook platform.

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