Meta Platforms Inc Class A (META)
Meta boosts investment in West Texas AI data center by over sixfold to $10 billion
Meta now plans to spend $10 billion on its AI data center in El Paso, Texas, up from a prior commitment of $1.5 billion. The data center aims to bring 1 gigawatt of capacity online by 2028.
Meta shares tumble after legal setbacks, jury verdicts
Shares of Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) fell about 7.8% on Thursday afternoon, pressured by a series of legal setbacks, fresh layoffs and lingering investor concerns over elevated capital spending. The decline came as the broader “Magnificent 7” technology group retreated, adding to downward pressure on the social media giant's stock.
Meta shares slip after US jury verdicts raise concerns of new legal exposure
Meta shares fell 6% to a 10-month low on Thursday after rulings this week found the Facebook parent failed to adequately warn or protect young users, stoking concerns about billions of dollars in fines from new cases and follow-on litigation.
Meta's court defeats add to Zuckerberg's recent woes, represent 'watershed event' for social media
Meta suffered stinging defeats this week in two separate trials involving child safety. Timothy Edgar, a lecturer at Harvard Law School, characterized the outcomes of the trials as "a major watershed event" that "represent a big shift in how Americans are viewing big tech.
Do Back-to-Back Courtroom Losses Herald Meta's ‘Big Tobacco' Moment?
Social-media giants are confronting an existential dilemma as a flood of litigation challenges their product designs.
Meta is forming some employees into AI-native 'pods,' leaked memo shows
A large division within Meta Reality Labs is undergoing an overhaul to become fully "AI-native." The unit is now organized into "pods" made up of "AI builders" and "AI pod leads.
Meta Aims to Share AI Intelligence With Small Business Users
Meta is reportedly launching a program to support artificial intelligence (AI) adoption among small businesses. Meta Small Business is aimed at the more than 250 million small businesses around the world that use the company's social media programs, Axios reported Wednesday (March 25), citing an internal memo from CEO Mark Zuckerberg.
Jury finds Meta and YouTube negligent in landmark social media addiction trial
Hours after Meta lost a similar child safety lawsuit in New Mexico, a Los Angeles jury just handed the social media giant, along with YouTube, another defeat. In a case that attempted to prove that social media platforms played a major role in harming a young woman's mental health, jurors have sided with the plaintiff, who goes by her initials, K.G.M.
Meta is cutting several hundred jobs
Meta is laying off several hundred employees across multiple teams, including sales, recruiting, and the Reality Labs division, as reported by The Information and Bloomberg.
Jury rules against Meta, YouTube in bellwether teen addiction case — the first of many
Meta and YouTube were found negligent in a landmark social media addiction trial. The case centered on a woman who said social media harmed her mental health from a young age.
Meta and YouTube Found Negligent in Landmark Social Media Addiction Case
A jury found the companies negligent in their app designs, harming a young user with design features that were addictive and led to her mental health distress.
Meta Prepares Hundreds of Layoffs as Part of Regular Restructuring
Meta will lay off several hundred people across Reality Labs, social media, recruiting and sales on Wednesday (March 25), The Information reported Wednesday, citing unnamed sources. The company employed more than 78,000 people as of the end of 2025, according to the report.
