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Meta Platforms (NASDAQ:META) says it has taken down 756,000 accounts it believes belonged to Australians under 16 since a nationwide ban on teen social media use took effect on December 10. The company disclosed the figure on August 13, splitting it into 462,000 suspect Instagram accounts and 294,000 Facebook accounts removed between December and June. […]
Michael Burry is pointing at a $770 billion AI spending wave and asking whether the money circling through hyperscalers, chip makers, and AI labs is creating real value or just the appearance of it.
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential. However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.
Mark Zuckerberg is sparring with UFC fighters and betting the house on AI infrastructure, and Wall Street still can't decide if it's genius or recklessness. What bargain hunters see in Meta right now might change how you think about the entire AI race.
On paper, the technicals for the stock look positive. After closing above $224 on Wednesday, the share price is sitting comfortably above all of its 20-day, 50-day, and 200-day moving averages.
Google-parent Alphabet is planning the largest percentage increase in AI spending, with 2026 capital expenditures projected at roughly $195 billion to $205 billion.
Meta (NASDAQ:META) said on Thursday that it has removed more than 750,000 Facebook and Instagram accounts suspected of belonging to Australians under the age of 16, as the technology group steps up enforcement of the country’s landmark social media age restrictions amid the prospect of regulatory action. Meta accelerates removal of under-16 accountsThe Facebook and Instagram owner said it deactivated 462,000 suspected underage Instagram accounts and another 294,000 Facebook accounts between shor
A valuation this low likely can't last much longer.
Meta launches a $1B community fund to ease opposition to AI data centers as concerns over local impacts and benefits grow.
In recent weeks, Meta Platforms has launched a series of open‑weight AI models like Muse Spark 1.2 and Muse Glimmer, ramped up multibillion‑dollar data‑center commitments, and appeared at major industry events, all while facing escalating global scrutiny over its AI products and data practices. At the same time, Meta is heading into its largest youth social media trial yet, with 29 U.S. states and thousands of plaintiffs challenging the company’s alleged addictive design and children’s data...
By Gopika Gopakumar MUMBAI, Aug 13 (Reuters) - India's financial sector has seen several major deals since last year, including rare transactions involving foreign banks and financial institutions
Erock Inc. (NYSE:EROC) jumped by 22.84 percent on Wednesday to finish at $13.82 apiece amid the long-term growth prospects from its recent deal with Anthropic that boosted its backlog to close to $2 billion. In an updated report on the same day, the onsite power solutions provider said that it bagged a 470-MW equipment order […]
Revenue grows 5% but PAT margin slumps to 1.8% amid heavy marketing spend and soft discretionary demand.
Most tech workers who max their 401(k) think they have hit the ceiling, but a quiet provision in the tax code opens a second contribution window that their employer may already support without telling them.
Shares in on-site power provider ERock soared nearly 23% on Wednesday after the company said that Anthropic had placed a big order. ERock, which sells natural-gas power systems to data centers and others that need on-site power or backup generation, said Anthropic was ordering 470 megawatts of equipment. ERock also said it had started construction on a 366-megawatt generation facility for El Paso Electric, which will support a Meta Platforms data-center campus.
<body><p>STORY: Mussio also noted that "investors are right to concern themselves" with companies' capital expenditures on AI buildout.</p><p>"The market is rewarding those businesses that can finance the CapEx still within the guise of their cash flow from operations," Mussio said. "It's the businesses that are then using all of that cash flow, and then borrowing in the market on the debt side, those are the companies that have a much more difficult time. So Microsoft, Amazon, okay. Meta, a little less okay.... Oracle, even less so, less so ok."</p></body>
After a brief and unsuccessful career as a broker, Kenneth Thom reinvented himself as a trading guru on social media, costing investors nearly $800,000.
Zuckerberg recently shared what he sees for the future of AI on Meta's Q2 earnings call.
In light of sinking public opinion and the company’s thousands of lawsuits from states, school districts, parents, and users, Meta’s public relations have been defensive. “It is surprising that the discourse from many developing AI is so filled with doom,” Zuckerberg wrote.
A new training program is designed to support skilled workers across the U.S. even as community sentiment about data center development wanes.
Meta Stock Drops 1.6% While $1.4 Trillion Trial Opens
RDDT's ad growth, AI-powered Reddit Max, and expanding advertiser base strengthen its push against Meta and Snap.
Trade Desk shares slid 23.5% in a week as slowing revenue growth, weaker margins and execution gaps deepen concerns over advertiser demand.
(Updates with response from a Meta Platforms spokesperson in the fourth paragraph.) Meta Platform
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