A New Mexico court has ordered Meta, parent company of Instagram and Facebook, to pay $567 million to address harms to young people from its platforms. Most of the funds will support treatment services, with the rest allocated for awareness, prevention, and screening over five years. This penalty adds to a previous $375 million fine after jurors found Meta knowingly harmed children's mental health and concealed child sexual exploitation. The court also mandated changes to Meta's platform features to improve age verification and child safety, while Meta plans to appeal. This ruling is part of broader legal challenges Meta faces over youth mental health and safety issues linked to its social media products.
Meta faces a class action lawsuit from parents and children in California and Illinois over its unreleased smart glasses feature called "NameTag." The suit alleges Meta used Facebook and Instagram photos without permission to develop a facial recogni...
Meta Platforms received a Buy rating with a price target of $817 per share, implying a 26% upside from current levels. The company showed strong Q2 2026 ad revenue growth, with impressions up 14% and average ad price rising 12%, supporting solid earn...
Meta Platforms' stock surged over 21% in 27 days due to resolving social media lawsuits and launching its AI platform Muse. Goldman Sachs analyst Eric Sheridan maintained a 'Buy' rating and a $725 price target, signaling a potential 9.22% rise from c...
Meta's stock is currently undervalued compared to the S&P 500 despite strong growth and 3.6 billion daily users. Analysts predict earnings per share could reach up to $40.31 in 2027, with a price target as high as $900, reflecting a potential 39% ups...
Three leading AI CEOs urged a slowdown in advancing AI models due to risks like loss of control and misuse, causing a market shift. Chipmakers like Nvidia and suppliers saw sharp declines, while software giants Meta, Alphabet, and Microsoft gained or...
