A federal judge denied Meta Platforms' motion to dismiss a lawsuit filed by 29 state attorneys general accusing the company of designing Facebook and Instagram to addict children and hiding the harm caused. The judge ruled that Meta violated the federal Children’s Online Privacy Protection Act by not complying with notice and parental consent requirements. The case highlights concerns about social media's impact on children's mental health, including risks of depression and self-harm. A trial is set for August 18 to resolve disputes over whether Meta's platforms are addictive and misleading.
Gold mining stocks like GDX, NEM, B, and HL are expected to rebound in July due to lower energy costs and gold being oversold. Meanwhile, major AI-focused tech companies such as MSFT, META, AMZN, and ORCL are under pressure from rising AI infrastruct...
In 2026, semiconductor stocks have surged due to strong demand driven by artificial intelligence, while the 'Magnificent Seven' group of major tech companies, including Alphabet, Meta, Amazon, Apple, Microsoft, Nvidia, and Tesla, has struggled. This ...
Larry Ellison's net worth fell by over $100 billion due to a nearly 41% decline in Oracle's stock since early June, dropping him from the world's second-richest to seventh-richest person. Meanwhile, Meta's stock rose 2.6%, boosting Mark Zuckerberg's ...
Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, marking a symbolic upgrade despite ongoing stock pressure. The company’s shares rose 4% on the announcement but are still on track for their worst month since February 20...
Hyperscaler stocks such as Amazon, Meta, Microsoft, and Google are currently trading at compressed valuations due to rising AI infrastructure costs, especially in memory. However, AI-generated revenue for these companies is beginning to outpace capit...
