64 stories tagged #Meta Platforms

  1. EU Escalates Probe Into Meta's Addictive Design, Raising the Specter of a $7 Billion Fine
    tech

    EU Escalates Probe Into Meta's Addictive Design, Raising the Specter of a $7 Billion Fine

    European regulators are moving toward preliminary findings that Facebook and Instagram use addictive features to hook users, especially children, under the Digital Services Act. A potential fine of up to 6% of global turnover looms.

    1h ago 1 min read
  2. Original Investors Negotiate $2 Billion Buyback of Manus AI From Meta
    tech

    Original Investors Negotiate $2 Billion Buyback of Manus AI From Meta

    Chinese investors are repurchasing AI startup Manus from Meta for $2 billion following a government-mandated divestiture, despite the company quadrupling revenue since acquisition.

    3d ago 1 min read
  3. Meta Raises Capex to $145B for Superintelligence Amid Stock Dip
    tech

    Meta Raises Capex to $145B for Superintelligence Amid Stock Dip

    Meta reported $56.3B Q1 revenue but shares fell after raising capex guidance to $145B for AI infrastructure. The pivot impacts energy markets and signals potential stablecoin integration.

    3d ago 1 min read
  4. ProShares Accelerates MANGOS ETF Filings Amid Surging AI Investment Demand
    crypto

    ProShares Accelerates MANGOS ETF Filings Amid Surging AI Investment Demand

    ProShares filed four MANGOS ETFs in 72 hours, targeting Meta, Nvidia, and SpaceX. The move signals sustained institutional confidence in capital-intensive AI infrastructure.

    5d ago 1 min read
  5. CoreWeave Joins Nasdaq-100 Index Following Rapid Post-IPO Growth
    tech

    CoreWeave Joins Nasdaq-100 Index Following Rapid Post-IPO Growth

    GPU cloud provider CoreWeave enters the Nasdaq-100, triggering mandatory ETF buying. The move follows a massive Meta deal and strong revenue projections.

    last wk. 1 min read
  6. Judge Denies New Trial for Google and Meta in Youth Addiction Case
    tech

    Judge Denies New Trial for Google and Meta in Youth Addiction Case

    A California judge upheld a $6 million verdict against Google and Meta, ruling Section 230 does not shield harmful platform design choices affecting youth mental health.

    last wk. 1 min read
  7. Meta Eyes $125B Equity Raise Following Record Alphabet Sale for AI War Chest
    finance

    Meta Eyes $125B Equity Raise Following Record Alphabet Sale for AI War Chest

    Meta Platforms is considering a multi-billion dollar share sale, following Alphabet's $85 billion record, to fund an AI-driven capex surge to $145 billion.

    2w ago 1 min read
  8. Meta Eyes Major Stock Sale to Fund AI Infrastructure Race
    tech

    Meta Eyes Major Stock Sale to Fund AI Infrastructure Race

    Meta explores a multi-billion dollar equity offering for AI expansion, following Alphabet's $85 billion raise as big tech competes for capital.

    2w ago 1 min read