HSBC has upgraded Meta Platforms to a Buy rating, reflecting confidence in its new cloud computing strategy. Meta is negotiating a potential $10 billion deal to lease its computing infrastructure to AI research lab Anthropic, addressing the global hardware shortage for AI training. This move is part of Meta's broader plan to monetize excess cloud capacity, supported by a $145 billion investment in data centers this year. Meta's stock has risen 18% in July, outperforming the market, with strong technical indicators backing the upgrade.
A New Mexico court ordered Meta, the parent company of Facebook and Instagram, to pay $942 million in fines for creating a "public nuisance" by harming child safety and contributing to the state's teen mental health crisis. The fines include $567 mil...
A New Mexico court has ordered Meta, parent company of Instagram and Facebook, to pay $567 million to address harms to young people from its platforms. Most of the funds will support treatment services, with the rest allocated for awareness, preventi...
A US judge ordered Meta Platforms, owner of Facebook and Instagram, to pay $567 million for harm caused to children on its platforms, adding to a previous $375 million fine. The total $942 million penalty addresses child mental health issues and fund...
India's parliamentary panel demands an apology from Meta CEO Mark Zuckerberg for restricting a Facebook post by Prime Minister Modi, threatening to revoke Meta's safe harbor immunity if not apologized within three days. Meta's chief global affairs of...
A New Mexico judge ordered Meta to pay $567 million and implement new restrictions on young users of its platforms, adding to a previous $375 million penalty. The ruling found Meta misled users about platform safety and contributed to youth mental he...
