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Meta Platforms (META) takes the stand on Tuesday in a new court case brought by four US attorneys general over the addictive design of the tech giant's social media platforms. Yahoo Finance Tech Editor Dan Howley outlines the opening statements and witness testimonies from the first day of the trial.
(Updates with market moves at the end of the day, and other changes, if any.) US stocks fell for
A social-media trial adds fresh pressure while Meta's spending already outruns its revenue growth.
Meta Platforms (META) is heading into a high stakes federal trial as 29 states accuse its social media apps of addicting and harming children, while investors also focus on the company’s heavy AI infrastructure spending. See our latest analysis for Meta Platforms. Meta Platforms' share price has come under pressure recently, with the stock down 11.93% on a 1 month share price return basis and 12.52% year to date, while legal headlines and heavier AI capex shape sentiment. Even so, the 3 year...
(Updates with latest market prices and developments.) US stocks were lower intraday and oil price
Tech stocks tumbled Tuesday, joining a broad market sell-off triggered by ongoing worries about the U.S.-Iran conflict which led to higher Treasury Yields and oil prices. One analyst also pointed to a potential culprit: reports of Anthropic projected revenue run rate, which is lower than speculation. The Nasdaq shed roughly 278 points or around 1%, as chip stocks, led by...
The company's latest court case could have significant implications for the future.
Reddit's rapid ad growth and expanding advertiser base give it an edge over Meta Platforms, despite a richer valuation and search traffic headwinds.
Meta Platforms Inc. has deceived the public for years by targeting children on Facebook and Instagram with technology designed to turn them into compulsive users and drive up advertising revenue, a lawyer at the California attorney general’s office told a jury.
A landmark trial begins as 29 attorneys general sue Meta for allegedly harming children with addictive apps.
The case, brought by four state attorneys general, alleges that Meta violated state consumer protection laws and federal rules that protect children online.
Meta's ad engine is breaking records and daily users just crossed 3.60 billion, yet the stock keeps sliding as Wall Street flinches at Zuckerberg's AI spending spree. The real question is whether that selloff is a warning sign or the opportunity of the cycle.
Speaking in an interview with CNBC on Tuesday, Dudum said an AI coach could remind patients to take their medicine, monitor side effects and even connect with healthcare providers.
Advanced Micro Devices Inc. (NASDAQ:AMD) fell 5% Tuesday, with Broadcom Inc. (NASDAQ:AVGO) and Meta Platforms Inc. (NASDAQ:META) both around 3% and NVIDIA Corp. (NASDAQ:NVDA) off 2%, as the 30-year Treasury yield hit its highest level since 2007. This is not...
A 29-state youth-harm trial opened in Oakland Tuesday with damages that could dwarf Meta Platforms' entire market cap, and that legal cloud is landing just as the company's cost structure shows a troubling divergence from its revenue growth.
Open-source artificial intelligence is no longer the discount alternative to Silicon Valley's frontier labs. It is setting the pace on the newest battleground: the laptop sitting in front of the user. The pitch behind that lead was simple. Download the weights, run the model on your own hardware, ...
Andrew Dudum explained CNBC that the FTC’s lawsuit is just a misunderstanding of what he’s doing... but maybe the regulator might understand him just fine?
Meta (NASDAQ:META) delivered 28% revenue growth last quarter, but its costs and expenses rose nearly twice as fast, surging 55%.This gap, according to Steve Eisman, is getting hard to ignore.“I just found it astonishing,” the investor of “The Big Short”...
Jeff Bezos just signed a quiet lease on a massive Oakland warehouse for a secretive AI venture he says will reshape civilizational wealth, and nobody at the company is talking about what gets built inside.
TD Cowen raised its price target on Everpure stock to $170 from $100 and maintained a ‘Buy’ rating.
A Wall Street analyst slashed his Nebius price target by 30% and then reversed the entire cut just seven days later, and the reason has nothing to do with earnings. It all comes down to a single data center in New Jersey.
A bullish UBS note on Marvell's AI business landed Tuesday morning, and the stock still cratered 6%. The reason has nothing to do with silicon and everything to do with what happened in the bond market.
Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today launched four first-to-market single-stock leveraged ETFs listed on Cboe. AXTQ complements the Tradr 2X Long AXTI Daily ETF (Cboe: AXTX), which seeks 200% of the daily performance of AXTI.
Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative asset manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such assets, including Howard Hughes Holdings. This capital […]
ByteDance Ltd., the developer of TikTok, has attracted more than $30 billion of orders for its jumbo syndicated loan, people familiar with the matter said, indicating strong interest from lenders as the Chinese technology giant ramps up investments in artificial intelligence.
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