Opening arguments start in a major trial against Meta Platforms, accused of fostering addictive behavior in teens and violating child privacy laws. The lawsuit, led by 29 state attorneys general, demands up to $1.4 trillion in penalties, though states suggest $200 billion is more realistic. The case challenges Meta's app design features, potentially impacting its AI development and advertising revenue. A related New Mexico case recently resulted in a $375 million judgment, signaling significant legal risks for Meta ahead.
Meta Platforms stock dropped 4% ahead of a major child safety trial accusing it of harming young users through manipulative features. The lawsuit, involving 29 states, claims Meta knowingly caused mental health issues and violated privacy laws, with ...
Microsoft and Meta, led by CEOs Satya Nadella and Mark Zuckerberg respectively, show close financial performance with Microsoft slightly ahead in return on invested capital, equity, assets, and operating margin. Meta faced significant legal and sever...
Meta is on trial in California over allegations that it designed Facebook and Instagram to be addictive and misled the public about risks to young users. State attorneys general from four states accuse Meta of downplaying harm and violating laws on c...
Snap shares fell 3% after a federal appeals court rejected Section 230 immunity, exposing social media platforms to lawsuits over user content. The ruling allows over 3,000 lawsuits claiming Snapchat targeted minors with addictive features to proceed...
AMD's stock has surged 140% year to date, driven by strong growth in its Data Center segment, which now accounts for 58% of revenue. The company reported a 50% revenue increase in Q2 and expects continued growth with a $13 billion revenue forecast fo...
