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A jury had found the two companies liable for designing platforms that harmed a young user and awarded $6 million in damages

Meta Platforms (META) has been ordered by the European Commission to restore and maintain free acces

IPOs have had juicy first-day gains this year, but it doesn’t take long for the pullback to start. And that is particularly true for mega IPOs.

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.

Investors must decide whether Meta's remarkable ad business outweighs its eye-watering AI spending.

Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...

A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.

Nasdaq, S&P 500 and Dow Jones indices all ended the week ending June 5, lower.

Investing.com -- Meta Platforms (NASDAQ:META) shares fell 7% on Friday after the Financial Times reported the company is considering a major equity raise to fund its artificial intelligence infrastructure.

Broadcom’s 15% slide in premarket trading has widely been blamed on guidance that merely held steady against Wall Street’s lofty expectations. But there might be more to the story. According to Ben Barringer, head of technology research at U.

Broadcom ‌forecast third-quarter revenue above Wall Street expectations on ‌Wednesday, betting on robust demand for its custom AI chips ​and networking gear. However, shares of the Palo Alto, California-based company fell more than 2% in extended trading. They had gained nearly 8% last week in the run ‌up to earnings.

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Investing.com -- Meta Platforms, TikTok parent ByteDance, Snap, and Alphabet’s YouTube have agreed to pay roughly $27 million to settle claims brought by a Kentucky school district alleging their platforms contributed to a student mental health crisis, Reuters reported on Friday.

By Diana Novak Jones May 29 (Reuters) - A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis,

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.

Meta said Vermont had not alleged the company designed Instagram or its features in the state, nor that any claims about the app’s safety or addictiveness were made there.

A bid by Meta Platforms (META) to avoid a lawsuit by Vermont's attorney general accusing the company

Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a ‌transition period, promoting insider Ashraf Alkarmi to co-CEO ‌ahead of his succession as the sole chief executive. The file hosting service ​provider's shares fell more than 1% in early trading. They have fallen over 3% this year.

Earlier this week, Rep. Alexandria Ocasio-Cortez (D-N.Y.) called for federal investigations into the environmental impact of data center construction after residents near Meta Platforms, Inc.'s Georgia facility reported discolored well water, declining water pressure and appliance damage. AOC Raises Concerns...

Meta resolves a major school district case, but roughly 1,200 related lawsuits remain pending.

Layoff notifications have long included wording about tough decisions in challenging times. Now, they're also increasingly nodding at how automation is reshaping workforces and companies' priorities.

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(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De

(Bloomberg) -- Intuit Inc. suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De

The Breathitt County School District in Kentucky had sought over $60 million from Meta and other platforms over students' mental health

Meta plans layoffs, management cuts and employee transfers tied to AI initiatives.

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Meta began laying off roughly 8,000 employees Wednesday -- about 10 percent of its global workforce -- as co-founder and Chief Executive Mark Zuckerberg pushes to redirect resources toward an ambitious artificial intelligence agenda.In a memo to staff Wednesday, posted by Business Insider, Zuckerberg expressed thanks to departing employees and sought to reassure those remaining.

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.

Meta CEO Mark Zuckerberg told employees in an internal ‌memo on Wednesday that he does not expect more ‌company-wide layoffs this year, according to a copy of the memo ​seen by Reuters. He made the announcement on the same day the Facebook owner carried out a massive restructuring of the company, laying off 10% of its workforce globally and ‌transferring 7,000 other ⁠employees to new initiatives related to AI workflows. The changes are part of a far-reaching overhaul taking place at Meta this year, as the company surges its AI investments in a bid to center AI ‌agents in both its product offerings ​and its approach to work ​internally.