07:30:13 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 5,900,000
Close 2024-02-28 C$ 27.16
Market Cap C$ 160,244,000
Recent Sedar Documents

FP/wire say Meta, rivals face new safety rules

2024-02-28 07:11 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)
Also In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Financial Post reports in its Wednesday, Feb. 28, edition that Prime Minister Justin Trudeau's government has introduced an on-line safety law in Canada, joining European countries in trying to compel Internet companies to actively regulate and remove harmful content. A Bloomberg dispatch to the Post reports that the Online Harms Act, introduced in parliament on Monday, will make platforms responsible for reducing exposure to damaging content, including material that bullies or sexually victimizes children, or incites extremism, violence or hatred. The law will cover companies that offer social media platforms, live-streamed video and user-uploaded adult content, as long as they meet a certain threshold of users, a figure that will be determined in later regulations. Firms such as Google's YouTube and Meta are expected to be affected. It will also create a regulatory body called the Digital Safety Commission to enforce rules, receive complaints and order removal of content. An independent digital safety ombudsman will also support and advocate for users. Canada is late in introducing on-line safety legislation compared with jurisdictions, such as the United Kingdom, European Union and Australia.

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