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Meta Platforms (META) Opens AI Models As $1 Billion Fund And Lawsuits Add Pressure
Simply Wall St.38d agobearish
Meta Platforms (META) Opens AI Models As $1 Billion Fund And Lawsuits Add Pressure

Meta Platforms (NasdaqGS:META) is pushing to open source superintelligent AI models and has launched Muse Glimmer as part of this effort. Mark Zuckerberg outlined a plan to make advanced AI widely accessible rather than keeping it locked behind premium services. Meta announced a US$1b fund aimed at supporting communities located near its data centers. The 9th Circuit allowed thousands of social media addiction lawsuits against Meta to proceed, increasing legal and regulatory pressure on the...

Social media addiction lawsuit against Meta is dropped
TechCrunch58d 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
TheStreet66d 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
TheStreet72d 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.73d 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...