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Social media addiction lawsuit against Meta is dropped
TechCrunch13d agobearish
Social media addiction lawsuit against Meta is dropped

A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.

Meta layoffs take disturbing turn in new lawsuit
TheStreet21d agobearish
Meta layoffs take disturbing turn in new lawsuit

There’s no sugarcoating it; getting laid off is awful. But if you've been following the news, it feels like tech workers are being laid off left and right. Here’s what one Reddit user, who was recently laid off from an account executive role at a tech company, had to say on the r/Layoffs subreddit: ...

Meta business model in trouble from $1.4 trillion lawsuit
TheStreet27d agobearish
Meta business model in trouble from $1.4 trillion lawsuit

If you have ever caught yourself doom scrolling on Instagram or Facebook for hours on end and felt bad, don't; the technology is working exactly how it was intended to. Everything from the length and style of the Reels to the algorithms' encyclopedic knowledge of your likes and dislikes is designed ...

Meta (META) Faces $1.4 Trillion Youth Addiction Lawsuit In August Trial
Simply Wall St.28d agobearish
Meta (META) Faces $1.4 Trillion Youth Addiction Lawsuit In August Trial

Four US states are seeking $1.4 trillion in penalties from Meta Platforms over allegations that its platforms addict young users. The case targets core design and engagement features across Meta’s social apps and is set for trial in August. The penalty request is close to Meta’s current market value, raising questions about regulatory risk and future operating flexibility. Meta Platforms, NasdaqGS:META, faces this legal fight with its stock trading at around $615.58 and a mixed recent...

Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit
Yahoo Finance Video28d agobearishVIDEO
Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit

Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including JPMorgan analysts raising their price target on Eli Lilly (LLY) stock, Vertex Pharmaceuticals' (VRTX) acquisition of Crinetics (CRNX), and the possible $1.4 trillion lawsuit that multiple states are now suing Meta Platforms (META) for.

Italy regulator drops investigation into Meta's WhatsApp AI bot
Reuters57d agobearish
Italy regulator drops investigation into Meta's WhatsApp AI bot

Italy's competition authority ‌said on ‌Monday it had dropped ​an investigation into Meta Platforms over allegations the company ‌abused its ⁠dominant position by installing its ⁠artificial intelligence tool on messaging ​service WhatsApp. The ​investigation ​had been ‌launched in July 2025. The regulator, known as AGCM, said it closed its ‌probe because the ​European ​Commission ​had extended ‌its own investigation into ​the ​same issue to include the ​Italian ‌territory.

Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
Reuters67d agobearish
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay ‌the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as ‌terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks ​before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.

Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance
Simply Wall St.71d agobearish
Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Santa Clara County filed a civil lawsuit against Meta Platforms (NasdaqGS:META), accusing it of knowingly profiting from scam ads that use AI systems. The suit targets Meta's advertising practices and claims the company prioritizes revenue over user safety. Alleged victims include seniors and small businesses that were defrauded through sophisticated scam campaigns. The case seeks financial penalties and broad changes to how Meta screens and serves ads on its platforms. Meta Platforms, the...

Meta Lawsuit And Shareholder Demands Put AI Ad Governance In Focus
Simply Wall St.79d agobearish
Meta Lawsuit And Shareholder Demands Put AI Ad Governance In Focus

Santa Clara County filed a civil lawsuit against Meta Platforms (NasdaqGS:META), alleging the company knowingly facilitates and profits from scam advertising that uses AI tools to target vulnerable users. The complaint claims these scam ads have contributed to billions in consumer losses and seeks to test the limits of platform liability for paid content. At the same time, Meta faces a cluster of shareholder proposals ahead of its annual meeting, calling for more disclosure on child safety,...

Evaluating Meta Platforms (META) Valuation As Scam Lawsuit Targets AI Driven Advertising Model
Simply Wall St.84d agobearish
Evaluating Meta Platforms (META) Valuation As Scam Lawsuit Targets AI Driven Advertising Model

Santa Clara County’s civil lawsuit against Meta Platforms (META) puts the company’s core advertising model under legal scrutiny, raising fresh questions for investors about AI driven monetization, regulatory risk, and future compliance costs. See our latest analysis for Meta Platforms. At a share price of US$603.00, the stock is down 4.3% over the past month and 7.3% year to date. The 3 year total shareholder return of about 1.5x suggests earlier AI optimism is now meeting heavier scrutiny as...

Meta Opens WhatsApp To Rival AI Chatbots In Europe To Avoid Massive EU Antitrust Fine And Regulatory Crackdown
Benzinga84d agoneutral
Meta Opens WhatsApp To Rival AI Chatbots In Europe To Avoid Massive EU Antitrust Fine And Regulatory Crackdown

Meta Platforms, Inc. (NASDAQ:META) is temporarily granting competing AI chatbot developers free access to WhatsApp in Europe as it seeks to resolve escalating antitrust concerns from EU regulators and avoid potentially billions in penalties. Meta Makes Temporary WhatsApp Concession Amid EU Pressure The company said Tuesday that general-purpose AI chatbots operating in the European Economic Area will receive free access to WhatsApp's Business API for one month while discussions with the European

Meta Lawsuit Puts Scam Ads And Meta Platforms Valuation In Focus
Simply Wall St.84d agobearish
Meta Lawsuit Puts Scam Ads And Meta Platforms Valuation In Focus

Santa Clara County filed a civil lawsuit accusing Meta Platforms (NasdaqGS:META) of knowingly enabling and profiting from scam ads on Facebook and Instagram. The case alleges Meta leveraged its AI tools to facilitate fraudulent advertising that targeted vulnerable users and small businesses at scale. The lawsuit seeks broad legal remedies and claims Meta limited enforcement against scam advertisers to protect ad revenue. For anyone following Meta Platforms, this case goes straight to the...