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YouTube, Snap settle school district's social media addiction claims
Reuters134d agoneutral
YouTube, Snap settle school district's social media addiction claims

Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force ‌social media platforms to cover the costs school districts incur to combat a youth ‌mental health crisis they say the companies fueled. The settlements were detailed in court filings on Friday in federal court in Oakland, ​California, and resolve claims by a Kentucky school district that is still due to take Facebook and Instagram parent Meta Platforms and TikTok to trial on June 15. Terms of the settlements with Breathitt County School District in rural Eastern Kentucky were not disclosed.

Mark Zuckerberg sends stunning message to Meta employees
TheStreet134d agoneutral
Mark Zuckerberg sends stunning message to Meta employees

Meta posted record profits in the first quarter of 2026. Its revenue hit $56.31 billion, and its net income came in at $26.8 billion. Three weeks after those results, the company is set to hand out roughly 8,000 pink slips. For employees watching that math unfold in real time, the message from the ...

Aptos SVP says blockchains will 'build a new universe'
TheStreet134d agoneutral
Aptos SVP says blockchains will 'build a new universe'

Aptos is not a typical crypto startup. It was built by former Meta engineers who spent three years working on the Diem blockchain (formerly Libra) before spinning out as an independent network. Co-founders Mo Shaikh and Avery Ching took the Move programming language, the parallel execution engine, ...

Bank of America resets AMD stock price target
TheStreet134d agoneutral
Bank of America resets AMD stock price target

Advanced Micro Devices (AMD) has gained more than 100% year to date, according to Yahoo Finance at the time of writing, Friday morning, May 15. Meanwhile, the SPDR S&P 500 index (SPY) is up slightly below 10% in the same period. AMD has outpaced the S&P 500 by a huge margin. That is ...

Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up
24/7 Wall St.134d agoneutral
Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up

Meta’s (NASDAQ:META) Chief Financial Officer, Susan Li, said in the earnings call that they anticipate 2026 capital expenditures “…to be in the range of $125-145 billion, increased from our prior range of $115-135 billion.” Wall Street punished the stock for this level of spending, arguing that Meta Platforms was leaning too heavily into data centers and ... Money Pit? Zuckerberg Just Exposed Why Hyperscaler AI Spending Keeps Going Up

2 Internet Stocks to Research Further and 1 We Ignore
StockStory134d agoneutral
2 Internet Stocks to Research Further and 1 We Ignore

By breaking down physical barriers, consumer internet businesses are reshaping how people shop, connect, learn, and play. This influence cuts both ways though because they have high exposure to the ups and downs of consumer spending, and the market seems to believe the tide is turning in the wrong direction - over the past six months, the industry has tumbled by 16.6%. This drop is a stark contrast from the S&P 500’s 7.9% gain.

If an AI Bubble Forms and Pops, the Mag 7 Won’t All React the Same Way
24/7 Wall St.134d agoneutral
If an AI Bubble Forms and Pops, the Mag 7 Won’t All React the Same Way

There’s been much discussion about the possibility of an AI bubble of late. Of course, not everybody has the risk tolerance or conviction to make bearish bets on the highest-flyers within the hottest corners of the AI chip scene as Dr. Michael Burry has. But for the average retail investor, the big takeaway might not ... If an AI Bubble Forms and Pops, the Mag 7 Won’t All React the Same Way

Nvidia Nears 52-Week High: Is It a Buy, Sell or Hold?
24/7 Wall St.135d agoneutral
Nvidia Nears 52-Week High: Is It a Buy, Sell or Hold?

NVIDIA (NASDAQ:NVDA) at $225.83 is a Buy, with shares pressing against a 52-week high of $227.84 as the AI infrastructure cycle delivers another record quarter. The question is whether a $5.49 trillion company can still meaningfully reward new money at these levels. NVIDIA designs the GPUs, networking fabric, and software stack powering roughly nine-tenths of ... Nvidia Nears 52-Week High: Is It a Buy, Sell or Hold?

Bill Ackman Bought Google After the ChatGPT Panic (Up 300%). He Bought Amazon After Liberation Day (Up 36%). Now He’s Backing Up The Truck Again.
24/7 Wall St.135d agoneutral
Bill Ackman Bought Google After the ChatGPT Panic (Up 300%). He Bought Amazon After Liberation Day (Up 36%). Now He’s Backing Up The Truck Again.

Although Wall Street has spent the better part of two years lecturing investors that the AI trade is crowded, the capex bill is unpayable, and the mega-caps have run out of room to grow, Bill Ackman keeps surfacing at exactly those moments to buy. His Pershing Square just disclosed a new position in Microsoft (NASDAQ:MSFT) ... Bill Ackman Bought Google After the ChatGPT Panic (Up 300%). He Bought Amazon After Liberation Day (Up 36%). Now He’s Backing Up The Truck Again.

The Professor Who Tracks Every US IPO Just Issued a Warning on SpaceX: “Most of the Time, Things Don’t Go According to Plan.”
24/7 Wall St.135d agoneutral
The Professor Who Tracks Every US IPO Just Issued a Warning on SpaceX: “Most of the Time, Things Don’t Go According to Plan.”

Wall Street braces for what could be the largest stock market debut in history, but the most cited academic on US IPO performance is warning buyers to sit on their hands. SpaceX is reportedly targeting a valuation of roughly $1.75 trillion in its planned offering, and Reuters this morning lined the deal up against three ... The Professor Who Tracks Every US IPO Just Issued a Warning on SpaceX: “Most of the Time, Things Don’t Go According to Plan.”

How Microsoft Stock Rises 50% To $600
Trefis135d agoneutral
How Microsoft Stock Rises 50% To $600

Microsoft (MSFT) stock currently trades near $410 per share, with a market capitalization of $3.0 trillion and a trailing price-to-earnings (P/E) multiple of roughly 24.3. This valuation is notably conservative compared to its three-year average multiple of 33 and its historical decade peak of 48 achieved in late 2017. While the current market price reflects a discount to historical norms, the path to a $600 share price is driven by fundamental earnings growth rather than a speculative return to

How SpaceX stacks up against some of the biggest US IPOs
Reuters135d agoneutral
How SpaceX stacks up against some of the biggest US IPOs

SpaceX is targeting a valuation of roughly $1.75 trillion in its upcoming ‌initial public offering, in what could be the ‌biggest-ever stock market debut by a U.S. company on Wall Street. The ​listing of Elon Musk-led SpaceX could easily dwarf many of the biggest U.S. IPOs on record, including those of Alibaba, Visa and Facebook, now Meta Platforms, which analysts ‌say reflects high growth ⁠expectations from the rocket and satellite company that it may struggle to meet. Analysts ‌say SpaceX's proposed valuation reflects in part how much investors are being asked to pay for future growth.