Meta is back in court in New Mexico over allegations it failed to protect children from sexual predators on its apps, with the state seeking $3.7 billion in abatement costs and major changes to Meta's platforms. A jury previously found Meta violated state law and ordered $375 million in penalties. The ongoing trial could force Meta to fundamentally restructure its business in New Mexico or risk losing access to users there. This case is seen as a landmark test of social media companies' accountability, similar to past tobacco industry lawsuits.
The smart glasses industry, long struggling with bulky designs and poor software, is showing signs of progress. Xreal, a partner of Google, is preparing to launch its latest model, Aura, which features OLED displays and immersive apps like VR YouTube...
The ERShares Private-Public Crossover ETF (XOVR) trades down 5% year-to-date near $19.08, despite strong gains in its public AI mega-cap holdings like Alphabet and NVIDIA. This divergence stems from its unique mix of late-stage private growth assets,...
Meta Platforms reported a strong Q1 2026 earnings beat with revenue up 33% to $56.3 billion and EPS of $10.44 versus estimates of $6.66. Despite this, shares dropped due to increased expenses, including a $4 billion loss in Reality Labs and higher ca...
Meta Platforms' stock has fallen over 6% in 2026 despite strong Q1 results showing 33% revenue growth to $56.31 billion and 3.56 billion daily active users. The stock dropped after Meta raised its full-year capital expenditure guidance to $125-$145 b...
Nvidia's recent earnings reveal an unusual trend: older GPUs like the three-year-old A100 and the newer H100 are increasing in rental price due to soaring AI infrastructure demand. This contradicts the typical semiconductor cycle where older chips de...
