Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Court denies Meta and YouTube's new trial bid over harmful social media design to youth

Market News
10 Jun 2026
New York Post
View Source
Bearish
pluang ai news

A California judge rejected Meta and Google's YouTube request for a new trial after a jury found them liable for creating social media platforms that harm young users. The lawsuit claimed the platforms' addictive designs caused harm, with the court ruling that Section 230 protections do not apply to design choices. The jury awarded $6 million in damages. Both companies plan to appeal the decision, while the plaintiff's lawyer highlighted strong evidence of fault.

More News (META)

Foreign investment in the US surged 49.5% in 2025, driven by tariff concerns and a weaker dollar.

Foreign investment in the US surged 49.5% in 2025, driven by tariff concerns and a weaker dollar.

Foreign investment in the US jumped 49.5% to $232.2 billion in 2025 after four years of decline, largely due to companies seeking to avoid President Trump's tariffs and benefiting from a weaker US dollar. The largest investments were in publishing, c...

Market News
Bullish
4 hours ago
Amazon borrows $17.5B from banks to fund AI spending after recent $14B bond sale

Amazon borrows $17.5B from banks to fund AI spending after recent $14B bond sale

Amazon has secured a $17.5 billion delayed draw term loan from major banks including Citigroup, JPMorgan Chase, and Wells Fargo, shortly after raising $14 billion through a Canadian bond sale. This brings Amazon's new financing to about $31.5 billion...

Market News
Neutral
5 hours ago
Meta's heavy AI spending raises doubts as stock lags behind Google and Amazon gains.

Meta's heavy AI spending raises doubts as stock lags behind Google and Amazon gains.

Meta Platforms has underperformed in the past year, with its stock down 15%, unlike Google and Amazon which saw significant gains. The skepticism stems from Meta's large investments in AI, which currently lack a clear revenue stream compared to its p...

Analyst Insights
Neutral
5 hours ago
ETF bets diverge in 2026: AI-focused MAGS lags while broad XMAG outperforms amid market shifts.

ETF bets diverge in 2026: AI-focused MAGS lags while broad XMAG outperforms amid market shifts.

In 2026, two ETFs with opposite strategies show a clear performance gap: the AI-centric Roundhill Magnificent Seven ETF (MAGS) is down 0.45%, while the broad-market Defiance Large Cap ex-Mag 7 ETF (XMAG) is up 10.73%. MAGS concentrates on seven mega-...

Market News
Neutral
7 hours ago
New AI-focused stock group MANGOS highlights key public and private players shaping the next tech wave.

New AI-focused stock group MANGOS highlights key public and private players shaping the next tech wave.

The new investment acronym MANGOS groups six major AI-related companies: Meta Platforms, Anthropic, NVIDIA, Google, OpenAI, and SpaceX. This mix includes three public giants—Meta, NVIDIA, and Alphabet—and three private firms expected to IPO soon. The...

Market News
Bullish
9 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App