A New Mexico jury awarded $375 million against Meta, finding the company misled consumers about child safety on its platforms. Meta faces demands to implement strict safeguards, including verifying users' ages with 99% accuracy and safer algorithms. The company argues these requirements are unfeasible and may pull its apps from New Mexico if forced to comply. The case highlights growing legal pressure on social media firms to protect children and could set a precedent for future regulations.
Meta Platforms shows strong revenue growth and expanding operating income, positioning it to overtake Google in digital ad revenue by 2026. Despite share price stagnation due to concerns over AI capital expenditures, Meta is diversifying growth throu...
Meta's stock has dipped slightly amid legal and regulatory challenges, but it remains a Strong Buy due to its aggressive capital expenditure program, including a $145 billion investment and AI infrastructure buildout. The company offsets these costs ...
Chinese startup Even Realities Technology, founded by former Apple engineer Will Wang, raised $150 million in a pre-Series B round, reaching a $1 billion valuation. The company develops AI-integrated smart glasses focused on privacy, with no cameras ...
SanDisk's stock price skyrocketed 3,904.6% over the past year following its spin-off from Western Digital, driven by increased investor interest in memory hardware for AI data centers. A $1,000 investment in SanDisk last summer would now be worth ove...
India's government has issued stern warnings to Meta's Instagram and WhatsApp platforms within a week. Instagram was ordered to remove all child sexual abuse-related ads following a BBC investigation revealing paid ads promoting such content. WhatsAp...
