A Santa Fe judge will soon decide how much Meta owes New Mexico after a jury found Meta liable for over 43 million data privacy violations related to the Cambridge Analytica scandal. The New Mexico Department of Justice demands between $35 billion and $40 billion in penalties, while Meta argues for a cap of $3.45 billion. The ruling, expected in October 2026, could significantly impact Meta's financial outlook, though Meta can appeal any decision. This case highlights growing regulatory scrutiny on tech giants over privacy and youth safety issues.
Meta's stock price at USD 743.57 is trading close to its 52-week high of USD 777.59 as of Oct 06, 2026 20:41 WIB, showing resilience despite the looming $35-$40 billion penalty demand from New Mexico. The market cap stands at $1.89 trillion with a modest 1-day gain of 0.23%, indicating steady investor interest. On Pluang, the typical holding period is 127 days, with a nearly balanced order activity of 54% sell and 46% buy, reflecting cautious but engaged trading amid regulatory scrutiny.
Meta has started testing a new Facebook user experience in India that opens the app directly into full-screen video, highlighting Reels. This test aims to create a more immersive, video-centric experience and follows Meta's broader strategy to priori...
Stocks hit record highs led by Nvidia, Microsoft, and Meta, even as Treasury yields surged to multiyear highs. CNBC's Jim Cramer highlights that these AI leaders are masking broader market weakness caused by rising rates, which typically pressure sto...
Meta's new Muse AI app, launched on Sept. 8 under the leadership of 29-year-old AI chief Alexandr Wang, has driven a 20% surge in Meta's stock, adding over $400 billion to its market value. Wang, known for his unconventional style and edgy social med...
Meta Platforms is quietly transforming its Reality Labs division, which lost $19.2 billion in 2025, by focusing on AI glasses that are driving revenue growth and reducing losses. Despite a recent earnings miss and increased expenses, Meta's core ad b...
Meta Platforms experienced its best monthly stock performance since 2022 with a 26.79% rise in September, driven by a 27% increase in second-quarter ad revenue. Analysts project a 2027 price target averaging $794, but a $1,000 share price is possible...
