An Instagram hack that saw attackers talk Meta's AI support chatbot into handing over access to high-profile accounts has exposed a critical flaw at the heart of the company's push to automate sensitive user functions.
Europe's second-highest court on Wednesday backed Meta Platforms' fight against the labelling of its Marketplace platform as a gatekeeper under EU rules but rejected its challenge against the same designation for its messaging app Messenger.
The Facebook parent announced last month that it was installing new tracking software on US-based employees' computers to capture mouse movements, clicks and keystrokes for use in training its AI models.
Meta is dialing back elements of its plan to collect employee mouse movements, keystrokes and other actions for use as AI training data, it said in an internal memo on Tuesday, following weeks of angry pushback from staffers.
Scores of Instagram users said their accounts were hacked over the weekend. The attack stemmed from a flaw in Meta's AI-powered account recovery system.
Micron Technology (NASDAQ:MU | MU Price Prediction) crossed a $1.16 trillion market capitalization and now sits at $1,189,601,487,240 — roughly $1.19 trillion — as of 10:21 AM ET on June 2, 2026.
The changes, after Meta's legal losses in two child safety cases, are aimed at limiting harmful content shown to teenagers on Instagram, Facebook and Messenger.
Instagram has resolved a security issue that allowed several users' accounts to get hacked. The attack appeared to rely on tricking Meta's own AI-powered support chatbot into granting access to a victim's account.
Meta currently trades at a discount due to founder control. Could the market start assigning a premium to Zuckeberg's company, as it does with Musk's Tesla? With Meta being the cheapest of the Mag7, I think a simple market re-rating could drive 25%-100% upside. All is needed is a change in market sentiment towards Zuckerberg. META's new AI-powered 'Meta One' subscriptions and SMB targeting could the catalyst triggering a premium valuation, if ROI on CapEx is finally demonstrated.
Meta is reportedly planning an artificial intelligence pendant as part of a larger wearables project. The tests on this device could happen in the next year as the tech giant looks to revitalize its hardware division, The Information reported Friday (May 29), citing an internal memo.
The AI bloodbath continues in tech as Meta announced it plans on cutting thousands of jobs in Silicon Valley.
Meta Platforms (NASDAQ:META | META Price Prediction) just reported one of the strangest quarters in mega-cap tech.