Meta Platforms reported a 33% revenue increase to $56.31 billion and a 61% jump in net income to $26.77 billion for Q1 2026, driven by growth in its Family of Apps and the launch of its first AI model from Meta Superintelligence Labs. Daily active users rose 4% year-over-year to 3.56 billion despite regional internet disruptions. Meta expects Q2 revenue between $58-61 billion and plans higher capital expenditures for data center expansion. The company also noted ongoing legal and regulatory risks that could impact future results.
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...
