Sandhya Devanathan, Meta's vice president for India and Southeast Asia, is leaving the company after over a decade to join OpenAI. She will be based in Singapore and oversee consumer growth, enterprise adoption, partnerships, regulatory engagement, and operations across Southeast Asia and Australia. This move comes as OpenAI expands its presence in the Asia-Pacific region, following recent hires like Prabhjeet Singh as India head. Meta continues to face regulatory scrutiny in India, including issues around content moderation and online safety.
Meta shares have dropped over 23% in the past year, pressured by a Q2 earnings miss despite strong revenue growth. The company’s AI investments are driving ad revenue gains, with ad impressions up 14% and average ad prices rising 12%. A proprietary m...
Meta Platforms agreed to settle child-harm lawsuits by paying approximately $18 billion over the next decade. Despite this large settlement, the impact on Meta's stock has been limited, with the stock having already experienced significant declines. ...
Meta Platforms continues to attract investor interest as its advertising revenue rose 27% year-over-year in Q2 2026, driven by AI enhancements that increased ad clicks and conversions. Despite concerns over high capital expenditures and a costly laws...
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Meta agreed to pay up to $18 billion and implement child safety measures in a settlement with attorneys general from 29 states. The deal includes a unique clause where states will not sue Meta under existing child safety laws for using children's dat...
