The European Union has found that Meta failed to prevent children under 13 from accessing Facebook and Instagram, violating the EU's Digital Services Act. Meta allows users to enter false birth dates and lacks effective controls to verify age, while also not adequately removing underage users. The EU's preliminary findings could lead to fines up to 6% of Meta's annual global revenue if confirmed. Meta can respond to the probe and take corrective measures, but the EU warns it may impose ongoing penalties to enforce compliance.
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
