(In an earlier story it was stated that TELUS Digital does not provide content moderation for Meta. It should have said the company does not provide fact checking for Meta in the U.S. A corrected version of the story, with an updated share price, now follows.)

TELUS Digital Experience (TIXT.TO) whose shares have declined over 20% since Monday, traded higher after the company issued a statement Friday stating that it does not provide third-party fact-checking services to Meta (META) in the United States.

Telus Digital, which did not name Meta in the statement, said it provides a broad spectrum of content moderation services for a number of clients, primarily in Europe, for Europe-based content where specific laws govern moderation.

"TELUS Digital is aware of the media coverage widely circulating following the announcement, on January 7, 2025, by a leading social media company modifying its third-party fact-checking practice in the U.S. and the discussion it has generated related to content moderation priorities and practices. TELUS Digital does not provide third-party fact-checking services in the U.S. to the company that made this announcement," the company said.

The company's shares were last seen up $0.065 to $4.665 on the Toronto Stock Exchange.