Meta Platforms has shifted its position to support the Kids Online Safety Act (KOSA), a bill aimed at improving online safety for children by overriding fragmented state AI laws and requiring age verification on app stores like Google and Apple. Previously opposing KOSA over free speech concerns, Meta now favors the bill as it shifts some child safety responsibilities from social media platforms to app stores. This move aligns with broader global efforts, including recent UK and Canadian legislation, to regulate children's access to social media and enhance protections. The bill's progress remains uncertain as some lawmakers express concerns about potential weakening of its provisions.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
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 ...
