Top stocks to buy on Tuesday: AMZN, TSLA, GS, CRM, META, SPOT & more – CNBC
Here are the biggest voices on Wall Street on Tuesday: Oppenheimer Co. launches pinstripes after outperforming Oppenheimer Co., which started the bowling company, said the company has “robust unit economics.” “PNST offers an interesting and more speculative investment opportunity within the attractive ‘Etatainment’ category.” Raymond James launches CrowdStrike and outperforms Raymond James He has launched […]
South Carolina lawmaker whose son died by suicide after sextortion scam files lawsuit against Meta
Arturo Bejar, Facebook’s former engineering director, says governments should force social media platforms like Instagram to protect children from abuse. South Carolina lawmaker lost son to suicide as a teenager Became a victim of sextortion fraud is currently suing Meta, which owns Facebook and Instagram. State Rep. Brandon Guffey said Meta engaged in deceptive practices […]
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week – CNBC
Sundar Pichai, CEO of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet stock rose to an all-time high on Thursday, joining Microsoft and Meta, which have been climbing since hitting new highs earlier this month. Alphabet stock rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87 and closed with a market capitalization […]
Meta finally restricts DMs from unknown adults to underage users
On Thursday, Meta finally enacted restrictions to prevent unidentified adults from directly contacting underage users. Critics say the move is long overdue amid growing concerns about child safety on Facebook and Instagram. The new rules come as Meta faces sweeping challenges from 33 states accusing the company of fueling a youth mental health crisis, as […]
Meta urged to better track enforcement of Holocaust denial content
The Meta Oversight Board is asking the technology companies behind Facebook and Instagram to take steps to update how they track enforcement of bans on Holocaust denial and false content, according to a decision released Tuesday. The Meta Oversight Board, which operates independently from Meta and is funded by grants from the company, uses technology […]
Meta shares close at a record as last year's mega rally continues – CNBC
Mark Zuckerberg, founder and CEO of Meta, speaks at the MetaConnect event at Meta Headquarters in Menlo Park, California, on September 27, 2023. Josh Edelson | AFP | Getty Images Zuckerberg claimed 2023 will be the “year of efficiency” following a disastrous 2022, when stocks plummeted 64% to their lowest since 2016. Meta’s previous high […]
Apple executive complained to Meta that his 12-year-old was ‘solicited’ on Instagram: lawsuit
In 2020, Meta employees panicked after the company confronted an Apple executive who was “recruiting” a 12-year-old child on Instagram, according to newly revealed details of a lawsuit. The uproar comes as New Mexico Attorney General Raul Torres claims that underage users of Facebook and Instagram may be exposed to sex offenders and are being […]
Sheryl Sandberg set to leave Meta board, will become adviser
Meta's former chief operating officer Sheryl Sandberg announced Wednesday that she will step down from the company's board of directors this year and move into an in-house advisory role. Sandberg, who served as the company's COO from 2008 to 2022, is stepping down to focus on philanthropy, but will remain on the company's board to […]
Mark Zuckerberg to be deposed in Texas suit targeting Meta of using facial recognition without customer consent
Metaboss Mark Zuckerberg is set to be fired as part of a Texas lawsuit accusing the parent companies of Facebook and Instagram of using facial recognition technology without customers' consent. The Texas Court of Appeals upheld a lower court's decision to require Mr. Zuckerberg to testify in the case. The lawsuit, originally filed in 2022, […]
Meta aims to hide suicide, eating disorders content from teens on Instagram and Facebook
Meta announced Tuesday that it will hide a variety of content from teens on Instagram and Facebook, particularly content that talks about suicide, self-harm, and eating disorders. Associated Press. The development comes as Meta says it wants to create more “age-appropriate” content for those using its platform. From now on, content that talks about sensitive […]