Newly unsealed court documents reveal that Meta employees discussed plans to discredit social media critic Jonathan Haidt, who has been vocal about the negative effects of social media on teen mental health. The documents show Meta’s efforts to convince media and academics to reject Haidt’s claims, amid ongoing lawsuits accusing Meta of contributing to a teen mental health crisis. These revelations highlight Meta’s focus on protecting its reputation rather than addressing the core issues raised by critics. The legal battle continues as courts review thousands of company documents related to these claims.
Meta Platforms trades at USD 623.09 on Pluang as of Oct 28, 2026 01:01 WIB, down 1.18% in the past day. Despite the ongoing legal scrutiny and revelations about its internal strategies to counter critics like Jonathan Haidt, investor interest remains balanced with a 55% buy order activity. The stock's market cap stands at $1.61 trillion, reflecting its significant presence in the media sector amid these controversies.
Meta Platforms reported a sharp stock drop following earnings that included a $9.89 billion legal charge and negative free cash flow of $2.12 billion. Despite these setbacks, revenue beat estimates at $64.6 billion, driven by strong ad pricing and us...
Meta Platforms saw a 26% revenue increase to $64 billion in Q3, fueled by a 10% rise in ad impressions and 14% higher ad prices year-over-year. The company's AI agent, Muse, is gaining early traction and is expected to open new revenue streams throug...
Anthropic and Meta Platforms plan to raise up to $200 billion to expand their AI capabilities, driving a surge in US economic activity. This investment builds on hundreds of billions already spent by US companies on AI infrastructure, including chips...
Meta Platforms is significantly increasing its investment in artificial intelligence by raising an additional $95 billion and raising its capital expenditure guidance to $135–$145 billion. This move reflects Meta's confidence in long-term AI-driven g...
Rohit Patel, former AI director at Meta, has left to start Ndoc, a startup creating an AI-native workspace designed to unify tools like Excel, Word, and PowerPoint into one platform. Ndoc integrates presentations, narratives, and data models in a sin...
