Meta has agreed to settle a major US lawsuit accusing it of addicting and harming children through its social media products, with a payment of up to $17 billion. The settlement requires Meta to implement protections for teenage users, including daily usage limits and nighttime blocks across the US. The case, involving 29 states, also accused Meta of illegally collecting data on children under 13 without parental consent. This settlement could lead to significant changes in how social media platforms manage young users' safety and privacy.
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Meta agreed to pay up to $18 billion and implement child safety measures in a settlement with attorneys general from 29 states. The deal includes a unique clause where states will not sue Meta under existing child safety laws for using children's dat...
In Q2 2026, Alphabet and Meta both reported strong revenue growth, with Alphabet reaching $119.8 billion and Meta $60.8 billion. Alphabet's AI and cloud services drove a 34% operating margin and an 82% increase in Google Cloud revenue, showing robust...
Nvidia is enhancing its hardware support for Chinese AI models like DeepSeek and Alibaba's Qwen to stay competitive against domestic chipmakers and maintain its lead in AI infrastructure. This move comes as US lawmakers grow concerned about the risin...
Palo Alto Networks CEO Nikesh Arora predicts a collapse in most AI cloud companies once GPU scarcity ends but identifies Nebius as a rare 'neoscaler' with durable advantages. Nebius boasts $575 million in AI cloud revenue, a 50% adjusted EBITDA margi...
