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 children's data. Meta denies wrongdoing and disputes the addiction claims, arguing the damages sought could reach $1.4 trillion. The trial, expected to last 4-6 weeks and include testimony from CEO Mark Zuckerberg, could set a precedent on social media's impact on youth. Previous rulings have already fined Meta nearly $1 billion in New Mexico for teen protections violations.
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...
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...
AMD reported strong Q2 results with $11.5 billion revenue and expects $13 billion in Q3, driven by significant data center growth and major customer commitments. Its stock at $514 is seen as a constructive buy with growth potential into 2027, despite...
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 state...
