A former employee testified Wednesday that some of Meta's safety tools for Facebook and Instagram were "designed to fail," contradicting the company's defense strategy in a landmark trial in California.
Meta Platforms remains a Strong Buy as the recent sell-off is disconnected from operational performance and presents a compelling entry point. Q2 revenue surged 27.9% Y/Y to $60.8B, with ad business strength and both impressions and price per ad rising, driven by AI investments. Short-term free cash flow is pressured by elevated CapEx for AI buildout, but META's $90B cash position and new monetization initiatives mitigate solvency concerns.
Cinemas are considering a ban on Meta AI glasses amid piracy concerns.
Arturo Béjar, a former Meta safety researcher who has become one of its biggest critics, told jurors in California federal court that Zuckerberg did little to address the harmful effects of Facebook and Instagram despite having near-unchecked power as the company's CEO.
One of the many beauties of options trading is the ability to make money on a rangebound stock. Shares of Meta Platforms are presenting that opportunity right now.
Meta Platforms, Inc. stock is under pressure amid renewed AI bubble fears, and legal headwinds, yet the fundamental thesis is not broken, presenting a compelling risk-reward opportunity. META's aggressive AI capex has squeezed free cash flow, while its off-balance-sheet commitments pose risks if revenue fails to grow fast enough. I expect META to scale business agents, enterprise APIs, consumer subscriptions, and potentially sell compute directly to third party, diversifying beyond its core ads business.
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?
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 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 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.
Even a loss in the landmark youth-safety trial would do little to hurt Mark Zuckerberg's empire.
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.