A federal appeals court ruled that social media companies like Meta, Snap, TikTok, YouTube, and Roblox cannot use Section 230 of the Communications Act to dismiss thousands of lawsuits alleging addiction among young users. The court said Section 230 offers a defense against liability but does not grant immunity from being sued, so the companies appealed too early. This decision lets the consolidated lawsuits from individuals, states, and school districts move forward. Previous trials have resulted in significant damages against Meta for addiction and misleading users about social media's impact on mental health.
Amazon has blocked Meta's Muse AI agent from shopping on its platform, citing unauthorized access. Despite this, Wall Street remains optimistic about Meta's stock, maintaining a strong buy rating with a price target of $906.46, implying a 25.67% upsi...
Snap Inc. stock surged 7% as social media stocks rallied, with Pinterest also up 3% and Meta Platforms nearly flat. The rise in Snap shares comes ahead of its earnings call scheduled for November 4, though the company has not provided any specific ne...
Investing $500 monthly in Meta Platforms starting now could yield between $31,733 and $47,512 by 2030, depending on market conditions. Meta's heavy investment in AI is boosting its ad business, with revenue rising 28% year-over-year and new AI-driven...
President Donald Trump purchased $1-5 million in SpaceX bonds just two days before signing a major order to accelerate the U.S. commercial space industry. The order aims to increase launch and reentry operations in the U.S. to over 1,000 annually by ...
SpaceX is acquiring Grain Management's nationwide 800 MHz spectrum portfolio for $8 billion, pressuring major telecom stocks like Verizon, T-Mobile, and AT&T, which dropped about 6% as Starlink Mobile aims to challenge traditional carriers. Meta has ...
