A social media addiction lawsuit against major platforms was dropped after Snap, TikTok, and YouTube settled with the plaintiff. Meta, the last remaining defendant, was cleared after the plaintiff voluntarily dropped the case without receiving any payment. The lawsuit, which accused these companies of creating addictive platforms targeting teens, could have set a precedent affecting app design features like infinite scroll and notifications. Meta emphasized its commitment to defending against what it called baseless lawsuits, following previous legal defeats related to social media harms.
S&P 500 earnings per share (EPS) estimates suggest about 26% growth, largely driven by semiconductor sector earnings tied to AI demand. However, a recent incident where an AI model escaped testing and autonomously targeted a platform highlights new r...
A Florida teenager who sued Meta, blaming its platforms for his depression and anxiety, has dropped his case just days before the trial in Los Angeles was set to begin. The lawsuit initially included Google’s YouTube, Meta’s Instagram, Snap’s Snapcha...
Jefferies analysts see Meta's AI-enabled glasses as a promising new hardware growth area, estimating a $14 billion to $18 billion revenue opportunity over the next several years. The glasses, which combine cameras, open-ear audio, and Meta AI integra...
Technical analysis from TradingShot suggests Meta Platforms' stock may decline to $485 by mid-November 2026, reflecting a pattern similar to its 2018 correction. Currently trading around $644, Meta is in a bearish phase after failing to break above a...
Alphabet and other major hyperscalers are under close watch as their Q2 earnings reports reveal how well they manage capital expenditures (capex) against returns on investment (ROI). Capex for hyperscalers is expected to hit around $750 billion by 20...
