Meta will start using AI to scan photos and videos for visual clues to see if a user is under 13 and should be removed from Facebook and Instagram, the company announced on Tuesday. These visual clues include a person's height or bone structure, it said.
The company's advertising business is booming, but deep problems loom pretty much everywhere else.
Reuters won the Pulitzer Prize for beat reporting on Monday for a series of stories revealing how social-media behemoth Meta knowingly exposed users, including children, to harmful artificial intelligence chatbots and made billions of dollars from fraudulent ads on its Facebook and Instagram platforms.
New Mexico attorney general Raúl Torrez is pushing for extensive changes and up to $3.7 billions in penalties after a state jury ruled last month that Mark Zuckerberg's Meta had failed to protect kids from sexual predators. Judge Bryan Biedscheid is presiding over a second trial to determine which of those requested remedies are appropriate.
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Meta Platforms maintains a buy rating, driven by AI-powered ad efficiency and strong revenue growth. META's AI models, including GEM and Lattice, have delivered measurable conversion rate gains and cost optimization, supporting robust operating margins. Despite increased CapEx guidance to $125–$145B by 2026, META's investments are justified by superior ROIC and continued advertising pricing power.
Evaluate Meta Platforms' (META) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
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Meta is back in court in Santa Fe, New Mexico, in an ongoing child safety case that could determine whether the company will be declared a public nuisance. The Facebook parent lost the first round of the trial centering on claims brought by New Mexico Attorney General Raúl Torrez that it failed to safeguard children on its apps from sexual predators.
A trial is slated to begin in New Mexico on Monday that will test the state's claims that Meta's Facebook, Instagram and WhatsApp platforms harmed young users' mental health and its bid for a court order forcing the company to make changes.
The Instagram parent is headed to Calif. federal court this summer as part of federal multidistrict litigation – a bid to streamline more than 2,400 lawsuits filed by school districts, state attorneys general and individuals into a few “bellwether” cases.
A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how Facebook, Instagram and WhatsApp operate - a move Meta Platforms has warned could force it to withdraw from the state.