Meta Platforms Inc Class A (META)
Meta hit with half a billion fine for child safety failings
Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has been ordered to pay $567 million by a US judge over the harm caused to children on its platforms. The New Mexico court ruling takes the total the company has been ordered to pay in the case to almost $1 billion.
Meta ordered to pay almost $1bn over child safety failings
Meta, the owner of Facebook, Instagram and WhatsApp, has been ordered to pay $567m (£421m) to address the harm caused to children on its platforms.
Meta Ordered to Pay $567 Million Fine by New Mexico Judge
The penalty, imposed by a state judge, is on top of the $375 million fine ordered by a jury that found Meta misled users about the safety of its platforms.
Judge orders Meta to pay over $900 million for failing to protect kids on social media
Meta was ordered to pay a total of $942 million over harm caused to children on its platforms. A New Mexico judge on Thursday ordered Meta to pay $567 million, mostly for treatment services.
Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico
A judge in New Mexico ordered Meta to pay $567 million into an abatement fund after a jury ruled the company willfully violated the state's unfair practices act. Meta's platforms are contributing to the "current mental health crisis among New Mexico's youth," the judge wrote in the filing on Thursday.
Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
70% Gains From Here? Wall Street Pros Expect Exactly That From Meta in 12 Months
Meta Platforms (NASDAQ:META | META Price Prediction) trades near $587.94, while the average Wall Street 12-month price target sits at $768.58.
Mark Zuckerberg Wants to Accelerate AI Development Further
As most other frontier labs and AI experts call for some sort of regulation (maybe some hurdles), pause, or something else to mitigate the risks associated with AI and its many “scary” new capabilities, Meta Platforms (NASDAQ:META | META Price Prediction) CEO Mark Zuckerberg sounds like he wants to keep that foot on the pedal.
Meta AI Model Hacked Outside Company, Adding to Concerns Over Rogue Bots
During cybersecurity testing the model slipped onto the internet and hacked a third-party service, mirroring incidents at Anthropic and Open AI.
Meta's $145B AI Bet Is Working: 3.6B Users Give It An Edge Rivals Can't Match
Meta Platforms is upgraded from Buy to Strong Buy, reflecting its transformation into a diversified AI company beyond advertising. META leverages AI to drive ad revenue, pricing power, and operational efficiency while launching new AI-driven products and services for its 3.6B user base. Despite a sharp FCF drop due to $32B CapEx and one-off charges, META's ad business grew 27% YoY, with ARPP reaching a record $16.86.
Digitalbox recruits 200 creators as Meta algorithm reset
Digitalbox PLC (AIM:DBOX, FRA:RLXB), the owner of The Daily Mash, The Tab and The Poke, has signed up more than 200 online creators in an attempt to reduce its reliance on traffic from social media platforms. The Creator Network, launched this year, is intended to scale up the company's original video output and open new revenue lines beyond conventional digital publishing.
Meta to take on Anthropic's Claude and OpenAI's Codex with new coding agent
Meta announced a new coding agent called Muse Code that's made to handle software engineering tasks. It's Meta's answer to other popular coding agents, such as Anthropic's Claude and OpenAI's Codex.
