Meta faces a class action lawsuit from parents and children in California and Illinois over its unreleased smart glasses feature called "NameTag." The suit alleges Meta used Facebook and Instagram photos without permission to develop a facial recognition system and train AI models, violating privacy laws. Meta denies wrongdoing, stating no final decision has been made on the feature and no universal face database is being built. The case highlights growing privacy concerns around biometric data and AI technologies in consumer products.
Meta Platforms Inc shares are trading at USD 665.19, up 2.65% as of Sep 15, 2026 03:12 WIB on Pluang. The stock's market cap stands at $1.65 trillion, reflecting strong investor interest despite ongoing legal challenges. Volume today reached 24,093,972 shares, showing active trading in the media sector.
Investors are growing cautious about the financial risks tied to the artificial intelligence boom, particularly as Meta prepares to report earnings. Previously, heavy spending by AI leaders, known as hyperscalers, boosted stock prices under the assum...
Meta Platforms is set to report Q3 results with a price target of $913.41, implying a 29% upside from its current price of $709.33. The company’s ad revenue is growing nearly 30% annually, driven by AI-powered products like Advantage Plus, which supp...
Meta's stock price remains capped below $730 despite a 27% rise in ad revenue driven by its AI-powered ad product. The company faces heavy capital expenditures of up to $145 billion in 2026, which have significantly reduced free cash flow and operati...
The future success of AI as a service hinges on achieving $1.4 trillion in annual revenue by 2030. Major hyperscalers like Microsoft, Google, and Amazon can sustain slower AI monetization due to their strong existing cash flows, while companies like ...
Joel Kaplan, Meta's chief global affairs officer and a key figure in shaping the company's policy, will step down in 2027 after more than 15 years at the company. Kaplan, known for advocating conservative views within Meta and influencing its approac...
