Meta Platforms posted a strong first quarter with 33% year-over-year revenue growth, driven by a 19% increase in ad impressions and 12% rise in price per ad. Earnings per share were boosted by a one-time $8 billion tax benefit, but the core business remains solid with resilient user engagement. The company raised its capital expenditure guidance for 2026 to $125–$145 billion, signaling near-term free cash flow concerns but supporting long-term investments in AI and platform development. The analyst maintains a Buy rating due to Meta's attractive valuation and growth potential from AI initiatives.
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...
