The ALPS O’Shares Global Internet Giants ETF (OGIG) rebalanced in March 2026 by reducing its holdings in Meta Platforms and Alphabet to 6% each, down from over 7%, shifting focus towards enterprise software and undervalued internet platforms. The fund added new positions in Synopsys, Constellation Software, and Recruit Holdings, while dropping nine other stocks including The Trade Desk and Duolingo. Oracle and Tencent saw significant weight increases, reflecting a rotation towards software and platform companies. This move aligns with Morningstar's advice to diversify away from mega-cap tech stocks and seek better valuations elsewhere in technology.
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...
