21:55:56 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 6,650,000
Close 2024-04-24 C$ 27.75
Market Cap C$ 184,537,500
Recent Sedar Documents

Globe says Meta, rivals see B.C. nix on-line harms bill

2024-04-24 08:12 ET - In the News

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

The Globe and Mail reports in its Wednesday, April 24, edition that the British Columbia government decided to withdraw its proposed legislation that would have allowed it to sue social media companies for on-line harms after Meta, TikTok and other companies agreed to co-ordinate with the province to implement voluntary protections. The Globe's Justine Hunter writes that although the social media companies have only agreed to discussions, Attorney-General Niki Sharma credited the proposed legislation for bringing these major players to the province's attention. She told reporters on Tuesday, "Our bill was able to get the attention of some pretty big companies out there and get them to the table with us, and I'm pleased with that." Ms. Sharma said that the government could reintroduce the bill, but first, they would seek solutions through negotiations. She said, "We could be locked in litigation for years, but at this stage, it's my obligation to see if we can come to some kind of improvements." Premier David Eby stated the agreement was reached after Meta contacted the province. TikTok spokesman Danielle Morgan said, "We look forward to joining Premier Eby and working with industry counterparts."

© 2024 Canjex Publishing Ltd. All rights reserved.