A New Mexico judge ordered Meta to pay $567 million into an abatement fund after a jury found the company willfully violated the state's unfair practices act. The ruling ties Meta's social media platforms to contributing significantly to a mental health crisis among New Mexico's youth. Most of the fund, $420 million, will support treatment for those harmed, with the remainder allocated for prevention, awareness, and safety improvements. Meta faces ongoing legal challenges, with the New Mexico Attorney General seeking up to $62.85 billion in penalties and demanding major changes to Meta's app features to protect children better.
Missouri voters decisively rejected Amendment 5, which would have ended the state's income tax and expanded sales taxes, due to concerns over tax burden shifts and program cuts. Etsy announced layoffs of about 220 employees, roughly 12% of its workfo...
AMD's stock price fell sharply after its latest earnings report, despite beating analyst expectations on key metrics. The short volume ratio hit a two-week high of 62.60, indicating increased bearish sentiment among investors. The decline may be link...
Meta Platforms has been upgraded from Buy to Strong Buy due to its successful transformation into a diversified AI company. The company uses AI to boost advertising revenue, enhance pricing power, and improve operational efficiency, while also launch...
The iShares Expanded Tech Sector ETF (IGM) provides wider tech sector exposure than the traditional XLK ETF, including communications, consumer discretionary, and non-S&P 500 North American firms. This broader mandate results in a lower forward price...
Meta has introduced Muse Code, a new AI-powered coding agent designed to assist programmers with complex tasks across large software repositories. Currently in beta, Muse Code can plan changes, write code, and validate results by deploying multiple s...
