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Meta ordered to pay $567 million in New Mexico for teen mental health fund
Reuters6d agoneutral
Meta ordered to pay $567 million in New Mexico for teen mental health fund

A New Mexico state court ordered Meta on Thursday to pay $567 million ‌and change how its platforms function for young users in the state ‌after finding the company is to blame for harming children's mental health. Judge Bryan Biedscheid in Santa Fe ​ruled the company had created a public nuisance in New Mexico, siding with the state's Attorney General Raúl Torrez, a Democrat. Torrez had accused the social media company of designing its products to addict young users and failing to protect children from ‌sexual exploitation on its platforms.

Meme coin surges 77% on Robinhood listing
TheStreet6d agobullish
Meme coin surges 77% on Robinhood listing

Robinhood Markets (Nasdaq: HOOD) could very well be known as Cash Cat until the e-brokerage firm decided to call itself Robinhood. This is a fact that the firm's founder and CEO Vlad Tenev himself confirmed in an X post in April 2021. Recently, a meme coin called CASHCAT, recalling the lore around ...

Alphabet’s stock buybacks: History & investor impact explained
TheStreet6d agobullish
Alphabet’s stock buybacks: History & investor impact explained

Alphabet was founded in 1998 as Google, a company focused on internet search. In 2004, the company went public, and since then, it has expanded into a wide array of products and services, including Google Maps, the Android operating system, the Google Pixel phone, and Waymo self-driving taxis. In ...

Marqeta (MQ) Expands Google Wallet Payments, Is The Stock Fully Valued?
Simply Wall St.6d agoneutral
Marqeta (MQ) Expands Google Wallet Payments, Is The Stock Fully Valued?

Marqeta (MQ) is back in focus after expanding its collaboration with Google to power a new family payments experience in Google Wallet. This gives kids and teens supervised tap to pay access while keeping parents in control. See our latest analysis for Marqeta. Despite the Google Wallet news and recent client partnerships, Marqeta’s recent momentum has been mixed, with a 30 day share price return of 4.77% but a 1 year total shareholder return that declined 38.91%, indicating longer term...

Qualcomm (QCOM) Stock Fair Value Moves Lower As Margin Pressure Offsets AI Ambitions
Simply Wall St.6d agoneutral
Qualcomm (QCOM) Stock Fair Value Moves Lower As Margin Pressure Offsets AI Ambitions

QUALCOMM’s updated fair value estimate has been cut from US$221.23 to US$196.27, trimming roughly 11% from the prior price target. This shift lines up with a research backdrop where bullish AI and data center expectations are being weighed against concerns around handset weakness and margin pressure. As you read on, you will see how these moving targets feed into the evolving QUALCOMM story and how to track the narrative from here. Analyst Price Targets don't always capture the full story...

Brookfield (TSX:BN) Completed The Oaktree Acquisition
Simply Wall St.6d agoneutral
Brookfield (TSX:BN) Completed The Oaktree Acquisition

Brookfield (TSX:BN) has completed its acquisition of Oaktree, expanding its global credit management platform. The company has entered a multi billion dollar joint venture with Blackstone and KKR for Kuwait’s entire pipeline network. Brookfield has formed a partnership with NAVER and NVIDIA to build one of the world’s largest AI focused data center infrastructure platforms. Consider expanding your watchlist to other companies shaping AI infrastructure and related assets through 56 AI...

Lowe's (LOW) Stock Looks Reasonable As Its 25% Five Year Gain Holds
Simply Wall St.6d agoneutral
Lowe's (LOW) Stock Looks Reasonable As Its 25% Five Year Gain Holds

Lowe's Companies stock has delivered a 25.3% gain over the past five years, yet the current valuation picture is more measured. An intrinsic value estimate from a Discounted Cash Flow (DCF) model points to shares that look roughly in line with fair value, while traditional multiples still indicate some room on the upside. Over five years, a 25.3% total return suggests Lowe's Companies has rewarded patient shareholders, although the stock has moved more modestly over shorter...