Santa Clara County in California has filed a lawsuit against Meta, accusing the company of knowingly earning nearly $7 billion annually from scam ads on Facebook and Instagram. The suit claims Meta used AI and targeted techniques to connect vulnerable users with fraudulent ads, violating California's false advertising laws. The county seeks restitution, civil damages, and a permanent ban on such practices. Meta denies the allegations, stating it actively fights scams and removed over 159 million scam ads last year.
The MicroSectors FANG+ 3X Leveraged ETN (FNGU) fell 16% in a single session on June 5, 2026, driven by a sharp selloff in major tech stocks like NVIDIA and Broadcom, and rising short-term interest rates following a strong jobs report. Despite a 22% d...
Fidelity is steering away from bonds issued by major tech companies like Amazon, Alphabet, Meta, Microsoft, and Oracle, which are raising hundreds of billions to fund AI infrastructure. Despite strong credit ratings, these bonds offer minimal yield p...
The S&P 500 and Nasdaq saw a sharp pullback, yet the AI-driven market rally remains fundamentally strong due to robust earnings upgrades and growing demand for AI infrastructure beyond semiconductors, including memory, storage, and networking. Major ...
AI-driven technology stocks like AMD, Google, Amazon, Microsoft, and Meta have surged recently, delivering strong returns without showing signs of a bubble. Analyst Julian Lin highlights that these companies trade at reasonable valuations supported b...
Meta Platforms is reportedly considering a large stock offering to raise tens of billions of dollars to support its investments in artificial intelligence, following Alphabet's recent move to do the same. This shift from primarily issuing debt to rai...
