Florida's attorney general has asked a judge to temporarily stop Meta from allowing users under 14, limit teens to two hours daily on its apps, and disable autoplay and infinite scroll for teens in the state. This move targets key features that drive Meta's advertising revenue, which made up nearly all of its $60.8 billion Q2 revenue. Florida rejected an $18 billion settlement accepted by other states, calling it insufficient and demanding immediate product changes. Meta's stock fell 2.38% following the news, while a related case in New Mexico could impose up to $40 billion in penalties. The outcomes could significantly impact Meta's business model and stock valuation.
Following Florida's legal move against Meta's app features, Meta's stock on Pluang shows a moderate decline, down 0.66% to USD 716.55 as of Oct 08, 2026 18:12 WIB. The stock remains well below its 52-week high of USD 777.59, with a market cap of $1.84 trillion. Pluang data also indicates a majority of sell orders at 65%, reflecting cautious investor sentiment.
Chinese AI company Manus, owned by Butterfly Effect, raised over $500 million in its first funding round since Meta canceled a $2 billion acquisition deal. Led by Boyu Capital and IDG Capital, with participation from Tencent and others, the funding s...
In August, President Trump disclosed over 500 securities transactions, including a purchase of up to $25 million in Meta stock and $5 million in SpaceX debt. Notably, the SpaceX debt purchase occurred two days before he signed a policy to expand U.S....
Securitize has introduced Securitize Stocks, tokenized versions of major U.S. equities like AAPL and MSFT, available to eligible investors in the U.S., EU, and other regions. These tokens are backed 1:1 by actual shares, preserving shareholder rights...
Meta and Amazon are heavily investing in AI infrastructure, using nearly all cash from their core businesses for capital expenditures. Meta funds its AI buildout through advertising revenue, while Amazon relies on AWS, which has a clearer payback tim...
Duke Energy and stakeholders including Amazon, Google, Meta, and Microsoft have agreed on enhanced protections to shield North Carolina utility customers from costs related to data centers. The agreement requires large-load customers, such as data ce...
