Meta

Meta ad revenue growth more than doubles Google Search as AI reshapes online advertising market

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Meta's advertising revenue growth outpaces Google Search as AI reshapes the online advertising market. (Representative Image/Reuters)

Meta and Google have dominated the online advertising market for nearly two decades. Both companies have made billions of dollars by showing advertisements to millions of people across their platforms. However, the rise of artificial intelligence (AI) tools such as ChatGPT is changing how people search for information and discover products online, creating different challenges … Read more

Meta reaches settlement in Mississippi teens social media addiction lawsuit; Case against Snap continues

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Meta settled a lawsuit filed by a Mississippi teenager alleging social media platforms contributed to depression, anxiety, and eating disorders (Representative Image/Reuters)

Meta Platforms Inc. has reached a settlement in a lawsuit filed by an 18-year-old Mississippi teenager identified by the initials K.D.B., the plaintiff’s lawyer confirmed on Friday, Reuters reported. The lawsuit, which initially named both Meta and Snap Inc., alleged that their social media platforms contributed to serious mental health issues, including depression, anxiety, and … Read more

Nvidia to invest $3 billion in Meta as social media giant plans to raise $95 billion for AI infrastructure expansion

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Nvidia and Meta expand their AI partnership as Nvidia plans a $3 billion investment in Meta. (REUTERS)

Nvidia will invest $3 billion in Meta. The chipmaker announced the investment on Tuesday, October 27, as Meta increases its spending on artificial intelligence (AI) infrastructure. Nvidia and Meta expand their AI partnership as Nvidia plans a $3 billion investment in Meta. (REUTERS) Meta plans to raise $95 billion to fund AI investments. The social … Read more

Meta ordered to pay $25 billion to New Mexico after jury finds over 43 million violations

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Meta has been ordered to pay a $25 billion civil penalty to New Mexico. (Representative Image/Reuters)

Meta Platforms has been ordered to pay a $25 billion civil penalty in New Mexico after a jury found that the company violated the state’s consumer protection law more than 43 million times. Here is what we know. Meta has been ordered to pay a $25 billion civil penalty to New Mexico. (Representative Image/Reuters) What … Read more

Wall Street AI rally faces pressure ahead of Meta, Tesla and major chipmakers' earnings reports

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Wall Street AI rally faces pressure ahead of Meta, Tesla and major chipmakers' earnings reports. (Photo by TIMOTHY A. CLARY / AFP) (AFP)

Wall Street’s AI rally is facing a big test as investors wait for quarterly earnings reports from major technology companies, including Meta Platforms and Tesla. Recent falls in AI stocks have raised doubts about whether the stock market rally can continue. Wall Street AI rally faces pressure ahead of Meta, Tesla and major chipmakers’ earnings … Read more

Man claims Meta fired him after he refused to sign a Green Card letter for a Chinese visa worker, seeks $1 million in lawsuit

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Man claims Meta fired him after he refused to sign a Green Card letter for a Chinese visa worker, seeks $1 million in lawsuit

A man has filed a lawsuit against Meta claiming that he was fired after he declined to sign a Green Card letter for a Chinese visa holder as his manager. He said he found the claims made in the letter questionable. James Tillinghast, a former Meta employee, has filed a lawsuit against the company, claiming … Read more

Meta goes to trial this week, which, if it loses, could change Insta & FB forever

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Meta goes to trial this week, which, if it loses, could change Insta & FB forever

Of the thousands of lawsuits Meta faces over child safety on its platforms, none may be more consequential than one going to trial this week in California. States are seeking extensive financial damages that could, in theory, total as much as $1.4 trillion, plus changes to how the company operates Facebook and Instagram.The lawsuit accuses … Read more

US judge compares Meta to ‘public nuisance,’ orders $567m payout over child harm

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US judge compares Meta to 'public nuisance,' orders $567m payout over child harm

US judge has ordered Meta to pay $567m in a New Mexico child safety case, ruling that Instagram and Facebook exposed children to harmful content and sexual exploitation Meta has been ordered to pay another $567 million by a US judge over allegations that its social media platforms exposed children to harmful content and failed … Read more