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Meta Ordered to Pay $25 Billion Penalty in Data Privacy Case
The ruling came in a case stemming from allegations that Cambridge Analytica, a British political consulting firm involved in Donald Trump's 2016 presidential campaign, obtained data from millions of Facebook users without their consent. New Mexico had sued Meta, accusing it of lying to Facebook users in New Mexico about who had access to their dat...
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US Stock Market Today: S&P 500, Dow, Nasdaq Open Lower; Meta Erases $100 Billion In Value On AI Concerns
The Dow Jones Industrial Average shed 218 points and was down 0.4%. The S&P 500 lost 0.9%, and the Nasdaq Composite reduced 1.5%.
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Wall Street To Open Lower? Nasdaq Futures Fall As Tesla, Meta Earnings Fail To Allay AI Worries
Nasdaq 100 futures fell 1.54% as investors weighed Tesla and Meta's earnings against mounting AI spending concerns, while rising oil prices and Middle East tensions dampened sentiment.
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'Kept Children Addictive On Social Media': Meta Sued In Australia
The class action suit has been filed on behalf of eight plaintiffs, who allege they were harmed by Meta while they were under the age of 18, and are seeking compensation.
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Meta Touts AI Progress While Escalating Its Bet On The Market
During its quarterly earnings report Wednesday, the social-media giant boosted its capital spending plans for the year and announced a new class of nonvoting stock that could ultimately be used to help pay for acquisitions and other expenses.
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Wallstreet Highlights: S&P 500, Nasdaq Climb In Late Hours On Meta's Big AI Wagers
Tesla's profit beat estimates, assuaging worries about increased investments into new areas such as AI.
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Chip Stocks Lift Nasdaq As Nvidia, AMD Jump 3%; Meta Defies $25B Penalty Ahead Of Earnings
US technology stocks rallied as upbeat AI-related earnings revived buying in chipmakers, while Meta drew investor attention ahead of its quarterly results despite a $25 billion penalty in New Mexico.
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Meta Ordered To Pay $25 Billion Over Data 'Leak' With A Trump Link
The state accused Meta of lying to Facebook users in New Mexico about who had access to their data, how the company handles hate speech and misinformation posted on the platform and other internal policies.
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Meta Hit With $25-Billion Penalty In Historic New Mexico Verdict Over Data Privacy Violations
A New Mexico jury found 26 of 29 statements by Meta and its leaders misleading, citing more than 43 million alleged consumer protection law breaches.
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"5 Years Of Work Stolen": Last Video Of Influencer Who Died By Suicide
V Harish ran the popular social media brand 'Finance With Harish' on Instagram and YouTube. His father claims he was "targeted" by Jason Samuel, the CEO of venture studio Zemuria Inc
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Meta Shares Plunge Up To 3.5% Ahead Of Results. What Traders Are Looking At
Meta shares have fallen for four straight sessions ahead of Q3 results, with investors weighing strong advertising growth against rising AI spending, margin pressures and the outlook for 2027 capital expenditure.
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Meta Blames Bot-Detection Glitch For Suspending 'No Kings’ Account During Mass Protests
Meta says a surge of automated requests from a Claude tool caused it to wrongly suspend the “No Kings” Instagram account. The protest coalition is calling for accountability weeks before the US midterm elections.
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Centre Advises Meta To Review Recommendation Systems To Prevent Public Disorder
MeitY, in its advisory, has also told Meta to ensure timely cooperation with law enforcement and other authorised government agencies, including furnishing information or assistance in accordance with applicable law and within the timelines prescribed under the IT Rules, 2021.
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MeitY Directs Meta To Review Algorithms Over Misleading Content, Public Order Concerns
MeitY has flagged concerns over manipulated visuals, misleading claims and out-of-context content, asking Meta to improve safeguards against public disorder.
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Meta’s Muse Spark Open Model Brings 1M-Token Context Window, Agentic AI Workflows to Apple Mac Studio
Meta on Thursday announced a new open-weight artificial intelligence (AI) model for coding, software development, and complex, multi-step tasks. The model, called Muse Spark Open, is said to have hundreds of billions of parameters and a context window that can handle large amounts of information. Meta has partnered with Apple to bring the model to ...
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Meta Ordered to Pay $25 Billion Penalty in Data Privacy Case
The ruling came in a case stemming from allegations that Cambridge Analytica, a British political consulting firm involved in Donald Trump's 2016 presidential campaign, obtained data from millions of Facebook users without their consent. New Mexico had sued Meta, accusing it of lying to Facebook users in New Mexico about who had access to their dat...
-
US Stock Market Today: S&P 500, Dow, Nasdaq Open Lower; Meta Erases $100 Billion In Value On AI Concerns
The Dow Jones Industrial Average shed 218 points and was down 0.4%. The S&P 500 lost 0.9%, and the Nasdaq Composite reduced 1.5%.
-
Wall Street To Open Lower? Nasdaq Futures Fall As Tesla, Meta Earnings Fail To Allay AI Worries
Nasdaq 100 futures fell 1.54% as investors weighed Tesla and Meta's earnings against mounting AI spending concerns, while rising oil prices and Middle East tensions dampened sentiment.
-
'Kept Children Addictive On Social Media': Meta Sued In Australia
The class action suit has been filed on behalf of eight plaintiffs, who allege they were harmed by Meta while they were under the age of 18, and are seeking compensation.
-
Meta Touts AI Progress While Escalating Its Bet On The Market
During its quarterly earnings report Wednesday, the social-media giant boosted its capital spending plans for the year and announced a new class of nonvoting stock that could ultimately be used to help pay for acquisitions and other expenses.
-
Wallstreet Highlights: S&P 500, Nasdaq Climb In Late Hours On Meta's Big AI Wagers
Tesla's profit beat estimates, assuaging worries about increased investments into new areas such as AI.
-
Chip Stocks Lift Nasdaq As Nvidia, AMD Jump 3%; Meta Defies $25B Penalty Ahead Of Earnings
US technology stocks rallied as upbeat AI-related earnings revived buying in chipmakers, while Meta drew investor attention ahead of its quarterly results despite a $25 billion penalty in New Mexico.
-
Meta Ordered To Pay $25 Billion Over Data 'Leak' With A Trump Link
The state accused Meta of lying to Facebook users in New Mexico about who had access to their data, how the company handles hate speech and misinformation posted on the platform and other internal policies.
-
Meta Hit With $25-Billion Penalty In Historic New Mexico Verdict Over Data Privacy Violations
A New Mexico jury found 26 of 29 statements by Meta and its leaders misleading, citing more than 43 million alleged consumer protection law breaches.
-
"5 Years Of Work Stolen": Last Video Of Influencer Who Died By Suicide
V Harish ran the popular social media brand 'Finance With Harish' on Instagram and YouTube. His father claims he was "targeted" by Jason Samuel, the CEO of venture studio Zemuria Inc
-
Meta Shares Plunge Up To 3.5% Ahead Of Results. What Traders Are Looking At
Meta shares have fallen for four straight sessions ahead of Q3 results, with investors weighing strong advertising growth against rising AI spending, margin pressures and the outlook for 2027 capital expenditure.
-
Meta Blames Bot-Detection Glitch For Suspending 'No Kings’ Account During Mass Protests
Meta says a surge of automated requests from a Claude tool caused it to wrongly suspend the “No Kings” Instagram account. The protest coalition is calling for accountability weeks before the US midterm elections.
-
Centre Advises Meta To Review Recommendation Systems To Prevent Public Disorder
MeitY, in its advisory, has also told Meta to ensure timely cooperation with law enforcement and other authorised government agencies, including furnishing information or assistance in accordance with applicable law and within the timelines prescribed under the IT Rules, 2021.
-
MeitY Directs Meta To Review Algorithms Over Misleading Content, Public Order Concerns
MeitY has flagged concerns over manipulated visuals, misleading claims and out-of-context content, asking Meta to improve safeguards against public disorder.
-
Meta’s Muse Spark Open Model Brings 1M-Token Context Window, Agentic AI Workflows to Apple Mac Studio
Meta on Thursday announced a new open-weight artificial intelligence (AI) model for coding, software development, and complex, multi-step tasks. The model, called Muse Spark Open, is said to have hundreds of billions of parameters and a context window that can handle large amounts of information. Meta has partnered with Apple to bring the model to ...
