Social media giants Meta and Google had their long-feared “Big Tobacco” moment after suffering a pair of devastating court losses this week – and the real legal trouble is likely just beginning, experts told The Post.
Shares of memory chip makers slumped on Thursday amid signs AI developers are developing workarounds to the supply bottleneck that's driven up memory prices over the past year.
The plaintiff of a case against Alphabet (GOOGL) and Meta Platforms (META) won a lawsuit tying the companies to social media addiction in young audiences. Marley Kayden keys investors into the most important takeaways from the case and why it serves as a "watershed moment" for social media and mental health.
Credo Technology Group Holding Ltd is strategically positioned to capitalize on AI infrastructure's shift toward efficient memory connectivity and high-bandwidth networking. This is corroborated by Alphabet's newest innovation, which complements Credo's product roadmap in targeting intensifying AI memory and networking bottlenecks in scaling high-volume inference workloads. Current industry dynamics underscore opportunistic alignment with CRDO's upcoming roadmap, which spans ALCs, ZeroFlap Optics, and Weaver memory connectivity.
Meta Platforms (NASDAQ:META | META Price Prediction) is under pressure this Thursday as three distinct catalysts converge on the stock.
Alphabet Inc.'s diversified growth in cloud/TPU/AI has worked as intended in entrenching their customers within their ecosystem, resulting in the impressive multi-year RPO of $242.8B in FY2025 (+160.5% YoY). Google Search and YouTube will likely remain their bread and butter, with the AI integration already driving their leading search engine/streaming share globally. The recent correction has improved GOOG's risk/reward profile at a notably cheaper P/E of ~25x while triggering the rich upside potential to my long-term price target of $388.20.
Google said this week that its research on a new compression method could reduce the amount of memory required to run large language models by six times. SK Hynix, Samsung and Micron shares fell as investors fear fewer memory chips may be required in the future.
Meta and Alphabet shares slip after a woman wins a trial where she accused the companies of designing their apps to be addictive.
Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet's Google liable, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits.
Google's top India counsel, Bijoya Roy, has resigned after 16 months in the role, two sources said, a high-profile exit in a key market where the U.S. tech giant is facing regulatory hurdles and also lacks a government relations head.
A Los Angeles jury found that Google and Meta are liable and must pay damages to a woman who alleged that social media platforms from the tech companies were addicting and caused her to have a mental health crisis. Bloomberg's June Grasso broke down the landmark case and said because it is the first of its kind to go to trial, it is a bellwether for future cases, but also cautioned against reading too much precedent into one case.
There could be more settlements of lawsuits alleging that social media companies design their platforms to be addictive following the success of such a lawsuit in a California court on Wednesday (March 25), The Wall Street Journal reported Wednesday.