Nvidia Stock Investors Can Expect Revenue and Profit to Rise FurtherOnline predators are becoming increasingly resourceful in trolling media platforms where children gravitate, prompting an explosion in police case loads, said an officer who works for the RCMP Integrated Child Exploitation Unit in British Columbia. Data show the problem spiked during COVID-19 when children began spending more time online — but rates did not wane as police anticipated after lockdowns ended. In B.C., they soared, almost quadrupling from 2021 to 2023. Const. Solana Pare is now warning exploitation of children is likely here to stay, as a technological race between police and predators gains momentum. “Technology is becoming more and more available, and online platforms and social media sites are being used by children younger and younger, which provides an opportunity for predators to connect with them,” Pare said in an interview. Police say child exploitation cases in B.C. went from about 4,600 in 2021 to 9,600 in 2022 to 15,920 reports last year. The upwards trend is seen nationally, too. Statistics Canada says the rate of online child sexual exploitation reported to police rose by 58 per cent from 2019 to 2022, and police data show cases have continued to rise. The RCMP’s National Child Exploitation Crime Centre reported that from April 1, 2023, to March 31, 2024, it received 118,162 reports of suspected online child sexual exploitation offences — a 15 per cent increase compared with the previous year. Online child sexual exploitation, Pare explained, includes offences such as sextortion, child luring and the creation or distribution of sexually explicit images of a minor. “We don’t see these types of reports going away,” Pare said. “We only see them increasing because the use of electronic devices and social media, and kids being online earlier and earlier is becoming more common. There’s going to be more opportunity for predators to target children online.” Monique St. Germain, general counsel for the Canadian Centre for Child Protection, said the most common type of child luring is communicating with a youth online in order get them to produce sexual abuse material. She said “the pandemic accelerated those types of cases, and it hasn’t slowed down.” “The tools (Canadian authorities) have to deal with this type of behaviour are inadequate for the scope and the scale of what’s going on,” she said. Online exploitation gained international attention in 2015 in the case of Port Coquitlam, B.C., teenager, Amanda Todd, who died by suicide after being blackmailed and harassed online by a man for years, starting when she was 12. The month before the 15-year-old died, she uploaded a nine-minute video using a series of flash cards detailing the abuse she experienced by the stranger and how it had affected her life. It’s been viewed millions of times. Dutch national Aydin Coban was extradited to Canada for trial and, in October 2022, he was convicted of charges including the extortion and harassment of Todd. Since then, the term “sextortion” has made its way into the vernacular as more cases come to light. Among them was Carson Cleland, a 12-year-old Prince George, B.C., boy who died by suicide in October 2023 after falling victim to the crime. In New Brunswick that same month, 16-year-old William Doiron took his own life after falling victim to a global sextortion scheme. Mounties across Canada have issued news releases warning of increased cases in their communities, noting that the consequences for the victims can include self-harm and suicide. St. Germain said technology, such as artificial intelligence, is also becoming more user-friendly. “The existence of that technology and its ease of use and ready accessibility is a problem, and it is going to be an increasingly large problem as we move forward,” she said. Pare said police are also adapting to technological advancements in order to keep up with the ever-changing online landscape. “Police are constantly obtaining training on digital technologies to increase our knowledge and understanding of all the intricacies involving their use and how to capture any digital evidence,” she said. Pare said the true rates of the crime are impossible to determine, but pointed to increased social awareness and legislation across North America around mandatory reporting of child abuse material from social media companies as a potential reason for the increase. It’s not going undetected any longer, she said. “Additionally, there’s been a lot of use in artificial intelligence to detect child exploitation materials within those platforms.” Pare said “it’s up to each individual platform” to ensure there is no child sexual abuse material on their sites or apps. “With mandatory reporting, it’s putting the onus back on the electronic service providers to ensure they have measures in place to prevent this from happening, and if it is happening that it is being reported,” she said. “That being said, there are times when things don’t get located.” That is why the Canadian Centre for Child Protection has been advocating for the adoption of the Online Harms Bill that the federal government introduced in February, St. Germain said. “It’s shocking that up until now, we’ve relied on companies to self regulate, meaning we’ve just relied on them to do the right thing,” she said. “What we are seeing in terms of the number of offences and in terms of all the harm that is happening in society as a result of online platforms is completely tied to the decision not to regulate. We need to have rules in any sector, and this sector is no different.” The Online Harms Bill covers seven types of harms, from non-consensual sharing of intimate images to content that can be used to bully a child. Earlier this month, Justice Minister Arif Virani announced the Liberal government will split the bill into two parts: dealing with keeping children safe online, and combating predators and issues related to revenge pornography. “We are putting our emphasis and prioritization and our time and efforts on the first portion of the bill,” Virani told reporters on Dec. 5. Such measures would include a new Digital Safety Commission of Canada, which would compel social media companies to outline how they plan to reduce the risks their platforms pose to users, particularly minors. It would have the power to levy fines and evaluate companies’ digital safety plans. St. Germain said such a split “makes sense,” noting that most objections to the bill are related to changes to the Criminal Code and not measures around curbing harms to children. “There obviously are differences of opinion in terms of what is the best way forward, and what kind of regulatory approach makes sense, and who should the regulator be, but there does seem to be consensus on the idea that we need to do more in terms of protecting children online,” she said, adding that the organization is still in support of the second half of the bill. She said the United Kingdom previously passed its own Online Safety Act that will come into effect in 2025, which includes requiring social media firms to protect children from content such as self-harm material, pornography and violent content. Failure to do so will result in fines. “Canada is really behind,” she said. “The amount of information that has come out of the U.K., the amount of time and care and attention that their legislatures have paid to this issue is really quite remarkable, and we really hope that Canada steps up and does something for Canadian children soon.” In the absence of national legislation, province’s have filled the void. In January, B.C. enacted the Intimate Images Protection Act, providing a path for victims to have online photos, videos or deep fakes expeditiously removed. Individuals are fined up to $500 per day and websites up to $5,000 a day if they don’t comply with orders to stop distributing images that are posted without consent. B.C.’s Ministry of the Attorney General said that as of Dec. 11, the Civil Resolution Tribunal had received a total of 199 disputes under the Intimate Images Protection Act. It said the Intimate Images Protection Service had served more than 240 clients impacted by the non-consensual distribution of intimate images, adding that four awards of $5,000 each and one for $3,000 had been supplied as of mid-December. Nova Scotia, Manitoba, Prince Edward Island, New Brunswick, Newfoundland and Labrador, Alberta and Saskatchewan have also enacted legislation targeting unauthorized distribution of intimate images. St. Germain said the use of provincial powers is also necessary, but it’s not enough. “A piece of provincial legislation is going to be very difficult to be effective against multiple actors in multiple countries,” she said, noting that the online crime is borderless. “We need something bigger — more comprehensive. We need to use all tools in the tool box.” This report by The Canadian Press was first published Dec. 29, 2024. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. 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Indian American Tech Figures Respond to MAGA Attacks on H1-B VisasCould comeback spark winning streak for West Virginia or NCCU?The Atlanta Falcons drafting of Michael Penix Jr. just six weeks after signing Kirk Cousins to a $180 million contract doesn’t seem like that much of a head-scratcher anymore. Penix, the eighth overall pick in this year’s draft, was supposed to serve as Cousins’ understudy for a year or two, a plan that was scuttled when Cousins quickly lost the zip and accuracy on his passes and his grip on the starting job. It was hard to argue with making the change after Cousins had nine picks and one touchdown pass in his last five starts — but it was a daring move nonetheless with the Falcons trailing first-place Tampa Bay by a single game with three weeks left. Penix made the move pay off with a solid first NFL start in the Falcons’ 34-7 rout of the New York Giants on Sunday that bolstered Atlanta’s playoff hopes , and the Falcons (8-7) moved back into first place in the NFC South with the Buccaneers’ loss at Dallas on Sunday night. The left-hander was not at all overwhelmed by the moment, completing 18 of 27 passes for 202 yards — numbers that would’ve been better if not for at least three dropped passes, one of which Kyle Pitts bobbled right into the hands of a New York defender for Penix’s lone interception. RELATED COVERAGE With rookie QB Penix showing poise in starting debut, the Falcons again control their playoff hopes On Football: Falcons and Buccaneers flip spots atop the NFC South and playoff races tighten up Penix wins debut as Atlanta QB as Falcons return two picks for TDs, beat hapless Giants 34-7 “He went out and played almost flawless football,” coach Raheem Morris said. Cousins will almost certainly be looking for his fourth team in 2025. If the Falcons cut ties as expected, they’ll have paid Cousins $90 million for 14 games. Cousins’ career earnings are about $321 million and his record is 84-77-2, including a 1-3 mark in the playoffs and 7-7 this season. In the spirit of expedited judgments, let’s take a gander at how other quarterbacks have fared with their new teams in 2024. Russell Wilson The Pittsburgh Steelers landed the biggest bargain of the season in Wilson, whom they signed for the veteran’s minimum of $1.21 million, leaving his former team, the Denver Broncos, on the hook for the remaining $37.79 million of his 2024 salary. Wilson’s calf injury in camp forced the Steelers to start Justin Fields, who went 4-2 before Mike Tomlin made the risky switch to Wilson, who’s gone 6-3 with 15 TD throws and four interceptions. With the Steelers (10-5) playoff-bound, Wilson will make his first postseason appearance since 2020. The only question is whether it’ll be at home as AFC North champ or on the road as a wild-card. They’re tied with the Ravens atop the division but currently own the tiebreaker. Sam Darnold This was expected to be a rebuilding year in Minnesota after the Vikings lost Cousins in free agency. They signed Darnold, the third overall pick in 2018, to a $10 million, one-year contract and drafted national champion J.J. McCarthy with the 10th overall pick. McCarthy tore the meniscus in his right knee during the preseason opener and has undergone two surgeries, opening the way for Darnold’s breakthrough season. Darnold brought a 21-35 career record with him to Minneapolis and all he’s done is go 13-2 while setting career highs with 32 touchdown passes, 3,776 passing yards and a 67.2% completion percentage. The Vikings are tied with the Lions atop the packed NFC North and the division crown could come down to Minnesota’s season finale at Detroit on Jan. 5. Gardner Minshew The Las Vegas Raiders signed Minshew to a two-year, $25 million contract and he beat out incumbent Aidan O’Connell for the starting gig. But he only went 2-7 and sustained a season-ending broken collarbone in a Week 12 loss to the Broncos, opening the door for O’Connell (1-4) to return. The Raiders’ 19-14 win over Jacksonville on Sunday snapped a 10-game skid but might have taken them out of the Shedeur Sanders sweepstakes. They are 3-12, a game behind the Giants (2-13), who jettisoned QB Daniel Jones less than two years after signing him to a four-year, $160 million contract and have gone with Drew Lock and Tommy DeVito instead. Caleb Williams The Chicago Bears had high hopes after drafting Williams with the No. 1 overall pick, but it might turn out that the second QB taken — Washington’s Jayden Daniels — is better than the first as was the case last year when C.J. Stroud outperformed Carolina’s Bryce Young. Williams has a terrific TD-to-INT ratio of 19-5, but the Bears are 4-11 and have lost nine in a row. Their last win came way back on Oct. 13 against Jacksonville. Jayden Daniels The 2023 Heisman Trophy winner out of LSU has led the Washington Commanders (10-5) to the cusp of their first playoff appearance since 2020. His bolstered his Rookie of the Year credentials with a five-TD performance Sunday in leading the Commanders to a 36-33 win over the Philadelphia Eagles. For the year, Daniels has 22 TD throws and eight interceptions. Bo Nix The former Auburn and Oregon star hasn’t looked much like a rookie after starting an NCAA QB record 61 times in college. The Broncos (9-6) could snap an eight-year playoff drought with a win Sunday at Cincinnati thanks to Nix’s steady play , Sean Payton’s exhaustive guidance and Denver’s traditionally stingy defense. Nix was drafted 12th overall after the Broncos released Wilson despite a a whopping $85 million dead money charge on top of the $37.79 million they’re paying Wilson to play for Pittsburgh this year. With 22 TDs and 11 interceptions, Nix has almost matched Russell’s win total (11-19) in his two seasons in Denver. ___ AP Sports Writer Paul Newberry in Atlanta contributed to this report. ___ Behind the Call analyzes the biggest topics in the NFL during the season. ___ AP NFL: https://apnews.com/hub/nfl
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DALLAS , Dec. 5, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that its board of directors approved the purchase of up to an additional $500 million of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural $250 million repurchase authorization from August 2023 . With this additional repurchase authorization, the Company anticipates executing a $250 million accelerated share repurchase ("ASR") program that will commence in the fourth quarter of 2024. "We believe our asset-lite, highly-franchised model enables industry-leading shareholder returns," commented Alex Kaleida , Chief Financial Officer. "Since becoming a public company in 2015, we have returned more than $1 billion of capital to shareholders. Our share repurchase program is another example of the long-term value creation enabled by our category of one operating model." Repurchases under the program may be made in the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1 of the Securities and Exchange Act of 1934 and accelerated share repurchase agreements, with the amount and timing of repurchases to be determined at Wingstop's discretion, depending on market and business conditions, prevailing stock prices, and contractual limitations, among other factors. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. This program does not obligate Wingstop to acquire any particular amount of common stock, or at any specific time or intervals and may be modified, suspended or terminated at any time at Wingstop's discretion. Wingstop expects to fund repurchases with existing cash and cash equivalents, including the proceeds from its recently completed $500 million financing transaction which closed on December 3, 2024 . About Wingstop Founded in 1994 and headquartered in Dallas, TX , Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,450 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and a best-in-class technology platform, all while offering classic and boneless wings, tenders, and chicken sandwiches, cooked to order and hand sauced-and-tossed in fans' choice of 12 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips. In fiscal year 2023, Wingstop's system-wide sales increased 27.1% to approximately $3.5 billion , marking the 20th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, Wingstop's system is comprised of corporate-owned restaurants and independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 2,458 as of September 28, 2024 . A key to this business success and consumer fandom stems from The Wingstop Way, which includes a core value system of being Authentic, Entrepreneurial, Service-minded, and Fun. The Wingstop Way extends to the brand's environmental, social and governance platform as Wingstop seeks to provide value to all guests. In 2023, Wingstop earned its "Best Places to Work" certification. The Company landed on Entrepreneur Magazine's "Fastest-Growing Franchises" list and ranked #16 on "Franchise 500." Wingstop was listed on Technomic's "Top 500 Chain Restaurant Report," QSR Magazine's "2023 QSR 50" and Franchise Time's "40 Smartest-Growing Franchises." For more information, visit www.wingstop.com or www.wingstop.com/own-a-wingstop and follow @Wingstop on X, Instagram, Facebook, and TikTok. Learn more about Wingstop's involvement in its local communities at www.wingstopcharities.org . Unless specifically noted otherwise, references to our website addresses, the website addresses of third parties or other references to online content in this press release do not constitute incorporation by reference of the information contained on such website and should not be considered part of this release. Forward-looking Statements This news release includes statements of our expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of our expectations concerning the implementation and execution of our share repurchase program, including the anticipated execution of a $250 million ASR and our strategic growth initiatives. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "may," "will," "should," "expect," "intend," "plan," "outlook," "guidance," "anticipate," "believe," "think," "estimate," "seek," "predict," "can," "could," "project," "potential" or, in each case, their negative or other variations or comparable terminology, although not all forward-looking statements are accompanied by such terms. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks, and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward-looking statements. Please refer to the risk factors discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be found at the SEC's website www.sec.gov . The discussion of these risks is specifically incorporated by reference into this news release. When considering forward-looking statements in this news release or that we make in other reports or statements, you should keep in mind the cautionary statements in this news release and future reports we file with the SEC. New risks and uncertainties arise from time to time, and we cannot predict when they may arise or how they may affect us. Any forward-looking statement in this news release speaks only as of the date on which it was made. Except as required by law, we assume no obligation to update or revise any forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Media Contact Maddie Lupori Media@wingstop.com Investor Contact Kristen Thomas IR@wingstop.com View original content to download multimedia: https://www.prnewswire.com/news-releases/wingstop-announces-additional-500-million-share-repurchase-authorization-302324306.html SOURCE Wingstop Restaurants Inc.
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