Meta, led by Mark Zuckerberg, goes to court over youth social media addiction accusations from 29 states.
Meta’s Legal Battle Over Social Media Addiction Claims Meta Inc., the company founded by Mark Zuckerberg, has taken its fight to federal court against a coalition of 29 state attorneys general alleging that its platforms contribute to social media addiction among young people. The company, which manages popular apps like Instagram, WhatsApp, and Facebook, has […]
Meta and Trade Unions Reach Agreement on AI Data Center Development
Meta Partners with NABTU for AI Data Center Construction On Wednesday, Meta, the parent company of Facebook and Instagram, announced a national collaboration with the North American Construction Workers Union (NABTU). This marks the first instance where the development of an AI data center will involve union participation. The partnership format is aimed at combining […]
Meta embraces skilled trades as AI growth creates significant workforce needs
Meta Partners with NABTU for Skilled Worker Training Meta is joining forces with the North American Building Trades Union (NABTU) to enhance the supply of skilled workers necessary for developing and maintaining the country’s growing AI infrastructure. This partnership, announced recently, will provide Meta with access to NABTU’s extensive network of apprenticeship and training programs, […]
Meta Goes to Court After Ruling It Can’t Use Section 230 as a Shield
Jury Selection Underway in Meta Trial Over Social Media Addiction Jury selection has kicked off for a significant trial involving Meta Inc., focusing on accusations that its social media platforms are designed to be addictive. This development follows a recent court decision allowing a similar lawsuit to progress. On Wednesday, eight jurors were sworn in […]
Meta and TikTok fail to dismiss numerous social media addiction lawsuits
Appeals Court Allows Lawsuits Against Major Social Media Platforms A federal appeals court has decided not to dismiss numerous lawsuits aimed at Meta, Google, TikTok, and Snapchat. These complaints argue that the platforms are designed to be addictive for younger users, and now they can proceed. The 9th Circuit Court of Appeals rejected an appeal […]
Court Permits Thousands of Lawsuits About Social Media Addiction Against Meta, TikTok, Google to Proceed
Federal Court Allows Lawsuits Against Tech Companies Over Addictive Platforms A federal appeals court announced on Monday that over 3,000 lawsuits against major tech companies such as Meta, TikTok, Google, and Snap can proceed. These lawsuits claim that these companies purposefully designed their platforms to be addictive, particularly for young users. The plaintiffs include states, […]
New Mexico court directs Meta to pay $567 million for teen safety issues
New Mexico Court Rules Against Meta for Youth Mental Health Crisis A court in New Mexico ruled on Thursday that Facebook and Instagram contribute to the state’s youth mental health crisis, necessitating Meta to pay $567 million and implement significant protective measures for teenage users. This decision follows a jury verdict in March, which had […]
Stocks with the largest premarket changes: Meta, Microsoft, Teladoc, Norwegian Cruise Line and others
Market Movements: Key Players Shifting in Pre-Market Trading Here’s a look at some companies making significant shifts in pre-market trading: Microsoft — The tech giant saw a 9% jump after reporting quarterly revenues of $90.01 billion, which surpassed expectations. Azure’s growth hit 43% in constant currencies, outpacing the forecast of 40.2%. For the first time, […]
Meta stock drops 10% as Mark Zuckerberg’s AI investments surprise Wall Street
Meta’s Financial Update Metaplatforms announced a striking 91% decline in free cash flow for the second quarter, reflecting the financial pressure of investing heavily in AI development, all amidst uncertain outcomes. The parent company of Facebook reported a free cash flow of $784 million for the second quarter ending June 30, a significant drop from […]
Meta falls short on Q2 earnings, shares drop
Meta’s Q2 Results Reveal Mixed Performance Meta released its second-quarter results Wednesday after the market closed. While the earnings per share (EPS) were below expectations, the sales figures surpassed forecasts. The company has also scaled back its capital spending plans for 2026, yet its revenue outlook for the third quarter is somewhat disappointing, coming in […]