Arturo Béjar, a former Meta safety researcher, testified that Mark Zuckerberg and Meta ignored child safety issues on Facebook and Instagram to protect profits. Béjar claimed Zuckerberg misled the public about the company's commitment to protecting young users and that Meta had a policy of ignoring underage users evading safeguards. The testimony is part of a trial by 29 state attorneys general accusing Meta of causing a teen mental health crisis and illegally harvesting kids' data. The states seek major changes to Meta's apps and penalties potentially reaching billions of dollars. Zuckerberg and Instagram chief Adam Mosseri are expected to testify during the six-week trial. Meta denies wrongdoing and says it has taken steps to protect kids online.
Meta Platforms faces a major lawsuit from 29 state attorneys general accusing it of designing addictive social media for young users, causing its shares to drop over 30% from last year's highs. Despite a theoretical $1.4 trillion damages figure, most...
Maverick Capital, led by Lee Ainslie, made a significant portfolio shift by reducing holdings in mature chip leaders Nvidia (NVDA) and TSMC (TSM) and investing heavily in five surprising new positions: Meta Platforms, AMD, Snowflake, Intel, and Nu Ho...
Meta Platforms' stock has dropped 8% recently due to concerns over an AI bubble and significant legal risks, including a potential $200 billion penalty related to youth safety. Despite these challenges, the company is investing heavily in AI and expa...
Bank of America analysts believe Nvidia's stock, currently at $218, could rise to $350, implying a 50% upside. They argue the market undervalues Nvidia's free cash flow and overestimates AI risks. Nvidia's strategy includes securing chip supply and i...
Meta's smartglasses, popular for their style and AI features, are under scrutiny due to widespread privacy violations, including secret recordings without consent. Vendors disable the glasses' recording indicator, enabling covert filming in public an...
