Is Zuckerberg's Meta Blocking News On Threads? Software Bug Sparks Concern Among Canadian Users
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc. (NASDAQ:META) experienced a software bug that temporarily blocked Canadian users of Threads from viewing and sharing news. The issue, which began on Monday and persisted into Tuesday, was initially attributed to Canadian government legislation. Meta has since resolved the bug and clarified that the Online News Act does not currently apply to Threads. The incident raises concerns about future news-sharing on the platform, especially in light of Meta's previous news blocks on Facebook and Instagram in response to the Online News Act. Google has negotiated a $74 million annual payment to Canadian news outlets to avoid similar issues.
December 20, 2023 | 4:08 am
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Meta Platforms Inc. fixed a bug on Threads that blocked Canadian users from news content. The issue was short-lived and has been resolved, but it raises concerns about potential future blocks due to regulatory challenges.
The impact on Meta's stock is likely to be neutral in the short term as the bug was quickly fixed and did not result in a prolonged disruption of service. However, the incident highlights ongoing regulatory challenges that could affect Meta's operations and user experience, which investors should monitor.
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