Meta Platforms Inc Class A (META)
Did someone wearing Meta Glasses film you today? Are you sure?
People say they've been secretly filmed in their own home, at concerts and at work. Are the wildly popular smartglasses the final nail in the coffin of personal privacy?
Meta Facing $1.4 Trillion in Damages: Inside the Trial That Could Redefine Big Tech
Opening arguments have begun in Oakland in the youth-safety trial brought by California and other state attorneys general against Meta Platforms (NASDAQ:META | META Price Prediction), which is expected to run for about seven weeks.
Meta's AI Payoff Has Already Begun
Meta's Q2 revenue rose 28% to $60.8 billion, while ad impressions increased 14% and average ad pricing gained 12%. AI ranking improvements lifted Facebook ad clicks 8.3% and conversions 15.7%, demonstrating tangible returns from Meta's infrastructure spending. Advantage+ reached a $75 billion annual revenue run rate, while 9 million small businesses now use Meta AI creative tools.
California AG Bonta says case against Meta is about 'restitution and distortion,' not damages
California Attorney General Rob Bonta said Tuesday that a federal child safety trial he's co-leading against Meta centers around "civil penalties, restitution and distortion." "This is not a damages case," Bonta said during a press conference following opening arguments on the first day of a trial that could last up to seven weeks.
Meta is facing its ‘Big Tobacco' moment — and investors can profit
Even a loss in the landmark youth-safety trial would do little to hurt Mark Zuckerberg's empire.
Meta aimed to ‘hook' teens on Facebook and Instagram, lied about health risks, prosecutor argues as historic case begins
Mark Zuckerberg's Meta built its apps to be addictive for kids and then lied to the public about health risks so it could rake in massive profits, a California prosecutor said as a historic federal trial kicked off Tuesday.
Opening statements begin in landmark Meta trial
CNBC's Julia Boorstin joins 'Squawk on the Street' to discuss opening statements in Meta's landmark child safety trial.
Meta Stock: The Market Is Punishing AI Spending. Here's Why I'm Still Bullish
Meta Platforms (NASDAQ:META | META Price Prediction) is caught in a strange moment.
Meta Faces Reckoning As Social Media Addiction Trial Begins
A trial to determine whether Meta purposely made its apps addictive to children is underway in California. That's according to a report Tuesday (Aug. 18) from Reuters, which said the case marks the most significant test to date for social media platforms facing similar youth safety lawsuits.
Meta in court over child social media addiction
Opening arguments begin Tuesday in the federal trial of Meta, the social media titan accused of deliberately making its Instagram and Facebook platforms addictive to children, with a coalition of states seeking $200 billion in penalties.
Meta's Child Safety Trial Begins Today—Here's What's At Stake
The state attorneys general behind the lawsuit are seeking severe financial penalties and changes to the way Meta operates its flagship social media platforms. The states have said they are seeking damages close to $200 billion, though Meta had claimed in court filings states are seeking damages totaling a whopping $1.4 trillion, a figure that nearly matches Meta's market capitalization.
Meta stock sinks as landmark social media addiction trial gets underway. What's at stake for the tech giant?
Today, opening statements will be heard in an Oakland, California, courtroom in a landmark trial that could determine whether Meta Platforms, owner of Facebook and Instagram, designed its social media platforms to addict younger users, despite the company being aware of the danger its social media platforms presented to mental health.
