Editor-DN
What does Facebook end fact-checking have to do with Telus Digital’s share price decline?
What does Facebook end fact-checking have to do with Telus Digital’s share price decline?
Telus Digital today responded to a sudden stock sale on January 8 by cryptically denying involvement in fact-checking by an unnamed social media company.
Telus International (Cda) Inc. (TSX:TIXT) shares, Telus Corp. (TSX:T) , a spinoff, fell 16 percent on Jan. 8 — the day after Facebook owner Meta Platforms (Nasdaq:META) . And Instagram announced that it will end third-party fact-checking on its social media platforms.
Meta CEO Mark Zuckerberg announced Tuesday that the company will end third-party fact-checkers on Facebook and Instagram and replace them with the community. Uses like X.com (Twitter) to replace it with Notes.
On Friday, Telus Digital (rebranded Telus International) issued a press release in response to “trading activity in its subsidiary voting shares this week” without naming the company as part of any fact-checking for MetaPlatforms. She appears to be refusing to join.
“Telus Digital is aware of the widespread media coverage following a January 7, 2025 announcement by a leading social media company to modify its third-party fact-checking process in the US and has moderated the content. has sparked a debate about priorities and practices,” the company said in its news release.
“Tels Digital does not provide third-party fact-checking services in the US to the company that made this announcement.”
Asked how this relates to the recent share sale, a Telus Digital spokeswoman wrote in an email. BIV that the company provides content moderation for “a prominent social media network” and suggested that some shareholders may have assumed that this involved fact-checking.
“Our financial and investment content illustrates that we provide content moderation services to a number of clients, including a prominent social media network,” the spokesperson said.
“Trading activity following the referenced announcement suggests that shareholders consider it relevant to our business.”
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