The Brazilian government issued a 72-hour ultimatum to Meta (NASDAQ: META) on January 10, 2025, threatening legal action if the tech giant fails to explain its decision to terminate fact-checking operations. The move sent Meta’s shares tumbling 2.3% to $380.45 on Wall Street. It also impacted the company’s dominant position in Brazil‘s social media landscape, […]
Brazil Orders Meta to Justify Fact-Checking Cancellation or Face Penalties
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