A Florida teenager who sued Meta, blaming its platforms for his depression and anxiety, has dropped his case just days before the trial in Los Angeles was set to begin. The lawsuit initially included Google’s YouTube, Meta’s Instagram, Snap’s Snapchat, and ByteDance’s TikTok, but YouTube and TikTok settled earlier, and Snap reached a tentative settlement recently. The teen, known as R.K.C., claimed addiction to social media starting at age 8 led to his mental health issues. His attorneys said he chose to withdraw the claims to avoid a lengthy trial and focus on recovery. Meta stated no payment was made and emphasized their stance against baseless lawsuits.
Jefferies analysts see Meta's AI-enabled glasses as a promising new hardware growth area, estimating a $14 billion to $18 billion revenue opportunity over the next several years. The glasses, which combine cameras, open-ear audio, and Meta AI integra...
Technical analysis from TradingShot suggests Meta Platforms' stock may decline to $485 by mid-November 2026, reflecting a pattern similar to its 2018 correction. Currently trading around $644, Meta is in a bearish phase after failing to break above a...
Alphabet and other major hyperscalers are under close watch as their Q2 earnings reports reveal how well they manage capital expenditures (capex) against returns on investment (ROI). Capex for hyperscalers is expected to hit around $750 billion by 20...
STARTRADER has introduced 42 new US Stock CFDs available 24/5 and will add 43 more CFDs with 24/7 trading starting July 27, 2026. This expansion covers major sectors including technology, energy, healthcare, and finance, featuring companies like NVID...
Nightview Capital exited Meta, Intuitive Surgical, Shopify, and EchoStar, while increasing stakes in Las Vegas Sands, MGM Resorts, and Wynn Resorts, focusing on gaming and hospitality. They argue the market overreacted to AI risks in software, believ...
