Meta (META) is under pressure after the European Union announced a formal investigation into its Facebook and Instagram platforms, citing child safety...
) is under pressure after the European Union announced a formal investigation into its Facebook and Instagram platforms, citing child safety concerns . Yahoo Finance'sThe EU's Digital Services Act, which establishes online content guidelines for children, was enacted last year. The act is fueling the Meta probe, where investigators will zero in on three concerns: the first concern is whether the platforms' algorithms may stimulate behavioral addictions in children.
The fines for violations are hefty, running up to 6% of annual revenues for the company. In 2023, Meta had approximately $135 billion in revenue, so a potential fine could run the company about $8 billion.TORONTO — Canadians who applied to be part of a class-action lawsuit against LifeLabs Inc. are now receiving cheques and e-transfers. KPMG, which is administering the claims, says on the class-action website that more than 900,000 valid claims were received.
The federal and Ontario governments announced Tuesday that Canada’s first lithium-ion separator plant will be built in Port Colborne, Ont. The facility is part of broader electric vehicle supply chain projects being built in the region. Global News' Queen's Park Bureau Chief Colin D'Mello reports.Footwear brand Converse will cut jobs as part of parent company Nike's on-going $2 billion cost savings plan, a source familiar with the matter said on Tuesday.
Formal Investigation Safety Concerns Alexis Keenan Behavioral Addictions
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