Previous close | 25.70 |
Open | 24.70 |
Bid | 25.85 |
Ask | 26.50 |
Strike | 280.00 |
Expiry date | 2024-06-21 |
Day's range | 24.35 - 24.70 |
Contract range | N/A |
Volume | |
Open interest | 2.19k |
British newspaper groups have attacked Meta’s decision to scrap the Facebook News service and axe funding for local journalism in a hard-hitting letter warning about the move’s impact on democracy and society. In a letter sent to Meta global affairs president Nick Clegg, a former British minister, the social media group was warned that its decision posed an “urgent threat to democracy by choking trusted news”. The letter, sent by the News Media Association on Thursday and seen by the Financial Times, said the move was both “financially damaging” for newspapers and “deeply concerning for democracy and society”.
Once upon a time, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) seemed invulnerable. The company maintained an insurmountable position in search and parlayed its supremacy into a pole position in the digital search market -- and no rival even came close. Over the past several years, however, even while its search continued to dominate, it appeared Google's share of the digital advertising market had been slipping -- slowly and gradually -- but falling nonetheless.
Mark Zuckerberg and Meta want to build the metaverse, but Apple's ecosystem of products is already creating the foundation of an immersive future.