Meta Platforms Inc Class A (META)
Meta agrees to $1.4bn Texas settlement over illegal biometrics
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) will pay US$1.4 billion to settle a lawsuit with Texas alleging the social media giant took users' biometric data without consent. Facebook owner Meta had been accused of breaking the state's laws against taking residents' biometric information, such as face or fingerprints, without permission.
Time to Buy Meta Platforms Stock as Q2 Earnings Approach?
Let's see if it's time to buy Meta Platforms (META) stock as its Q2 results approach after market hours on Wednesday, July, 31.
Texas says Meta to pay $1.4 bn to settle photo-tagging lawsuit
Meta has agreed to pay $1.4 billion to settle a lawsuit accusing it of violating a Texas state privacy law with a feature for "tagging" friends in Facebook photos, according to a deal finalized Tuesday.
Will Higher Ad Revenues Aid Meta Platforms' (META) Q2 Earnings?
Meta Platforms' (META) second-quarter 2024 results are expected to reflect the benefits of improving advertising business.
Meta Platforms to Pay Texas $1.4 Billion in Facial Recognition Settlement
Meta Platforms (META) agreed to a $1.4 billion settlement over its collection of personal biometric data from Facebook users, Texas Attorney General Ken Paxton said Tuesday.
META Stock Remains a Long-Term Buy, but Expect Some Short-Term Bumps
Meta Platforms (NASDAQ: META ) has been one of the brightest stars in the Magnificent Seven rally, with the stock delivering incredible multibagger returns from its 2022 selloff lows. I was pounding the table on META back then, seeing immense value in the company's core business despite the market's pessimism.
Meta Settles Landmark $1.4 Billion Biometrics Suit With Texas
Meta will pay a record $1.4 billion to settle a biometrics-related lawsuit in Texas. In a Tuesday (July 30) news release, Texas Attorney General Ken Paxton said the settlement was the largest ever from an action brought by a single state, and is the largest privacy settlement obtained by an attorney general.
Meta will pay Texas $1.4B in settlement over facial recognition software
Meta reached a $1.4 billion settlement with Texas Attorney General Ken Paxton on Tuesday to settle a 2-year-old lawsuit related to the company's use of facial recognition software.
Meta to pay $1.4B to settle Texas facial recognition suit over collecting data without consent
The lawsuit, filed in 2022, was the first major case to be brought under Texas' 2009 biometric privacy law, according to law firms tracking the litigation.
What You Need To Know Ahead of Meta's Earnings Report
UPDATE—July 30, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
Meta Reaches $1.4 Billion Settlement With Texas Over Privacy Violations
The parent company of Facebook and Instagram faced allegations that it had collected facial identification information on millions of users in violation of a state law.
Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit
The lawsuit by Texas against Meta involved the Facebook owner's capture and use of biometric data without legally required authorization.
