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The Latest Breaking News from Meta

Michael Burry Hits Back At Critics: Accuses AI Companies Of 'Suspicious Revenue Recognition' And Depreciation Gimmicks: 'Fraud, Not A Flywheel'

Investor Michael Burry pushed back against critics who challenged his take on chip depreciation at hyperscalers like Meta Platforms Inc. (NASDAQ:META) and Oracle Corp. (NYSE:ORCL), while doubling down with fresh claims that top AI firms are inflating earnings through accounting maneuvers.

Benzinga

Brooklyn driver who killed a mother and two children is sentenced to 3 to 9 years in prison

A Brooklyn wigmaker and social media influencer who raced through a red light and plowed into a mother and three children has been sentenced to 3 years to 9 years in prison

The Independent UK

Chinese drug trafficking suspect handed to the US by Mexico pleads not guilty in NYC

A Chinese drug trafficking suspect who escaped custody in Mexico only to be recaptured in Cuba has been turned over to the U.S. to face charges he trafficked large quantities of cocaine and fentanyl into the country

The Independent UK

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Meta's Victory Over the Federal Trade Commission Shows the Market Moves Faster Than Antitrust Enforcement

The decision ends the witch hunt begun under the first Trump administration.

Reason

EXCLUSIVE: 'We Dropped Out Of Harvard And Dedicated Our Lives To Building This'—Their $479 AI With 'Hyper-Intelligent' Brain Rivals Meta [UPDATED]

Editor's Note: This article has been updated with new information from the founders mentioned below

Benzinga

Morning Mail: breast cancer hope, photos suggest Israel used cluster bombs, Meta starts closing children’s accounts

New federal guidelines aim to improve detection of hard-to-find cancers; photographs suggest IDF used banned munitions

The Guardian - AU

Meta is spending millions on bug bounties and security tools to boost WhatsApp security

New tools, expanded reach and a boosted bug bounty program are coming for WhatsApp.

TechRadar

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Tech giant pounces early ahead of social media age bans

Aussie teens have been put on notice over a massive change coming for social media platforms, with warnings to back up important photos or memories.

AAP

Trump officials announce $1bn loan to restart Three Mile Island nuclear plant

Facility that was site of worst nuclear disaster in US history will provide power for Microsoft datacenters

The Guardian - US

People Like Having Too Much Content, Says Swiss Study on Information Abundance

Plus: FTC loses Facebook case, building a fertility abundance agenda, ICE staffer arrested in underage sex sting, and more...

Reason

Is Meta Stock a Buy or a Sell Before Michael Burry Drops His Bombshell on November 25?

Meta Platforms stock has been under pressure of late, among others, due to the allegations that Michael Burry has leveled against hyperscalers. Burry has promised more information on November 25, but Meta's risk-reward looks quite attractive now after the recent crash.

Barchart

Spain investigates Meta over alleged 'massive' spying case on Android users

Spain's President announced that he will deploy a series of measures to combat "disinformation", protect minors, eradicate "hate speech" and curb the violation of citizens' privacy.

Euronews

Instagram & WhatsApp Saved by TikTok? — Meta Clears Historic Legal Hurdle

Meta escapes a historic FTC antitrust challenge as a judge rules it is not a monopoly, keeping Instagram and WhatsApp intact. But here is how TikTok helped.

International Business Times UK

Facebook and Instagram to start kicking Australian teenagers off platforms as social media ban looms

Meta users under 16 will be sent email, SMS and in-app messages in anticipation of 10 December, when ban will begin

The Guardian - AU

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Fortune

Big 5 AI ‘hyperscalers’ are increasingly using debt to fund their operations, Bank of America says

All five companies generate more than enough cash to cover their operations, but the arrival of debt vehicles to fund AI has complicated the investment case for tech stocks.

International Business Times

WhatsApp Security Flaw Exposes 3.5 Billion Users' Data From 'Basic Publicly Available Information'

A major WhatsApp vulnerability let researchers access 3.5 billion phone numbers, profile photos, and texts, alarming users about their privacy.

The Conversation

‘Digital sovereignty’: why the EU may be shifting from internet regulation to building homegrown tech

Over the past decade, prominent European politicians seemed to think that legal regulation would be enough to control the internet. They focused primarily on drafting laws to regulate foreign platforms rather than prioritising investment in developing European alternatives. This focus contributed to producing the internet Europeans experience today, in which…

Axios

Exclusive: AI Infrastructure Coalition launches to push pro-AI policies

The group will push for President Trump's AI Action Plan.

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Euronews

Meta wins historic FTC antitrust trial focused on WhatsApp, Instagram

Meta's acquisitions of Instagram and WhatsApp don't violate US antitrust law, ruled district judge James Boasberg on Tuesday.

Fortune

OpenAI’s Fidji Simo says Meta's team didn't anticipate risks of AI products well—her first task under Sam Altman was to address mental health concerns

Simo has overseen OpenAI's addition of parental controls to ChatGPT teen accounts, and says more mental health safeguards are to come.

International Business Times

Meta Avoids Divestiture In Landmark Antitrust Case, Raising Questions For Regulators

Regulators argued the acquisitions were part of a strategy to suppress competition and maintain dominance in personal social networking.

The Guardian - US

Meta wins major US antitrust case and won’t have to break off WhatsApp or Instagram

Challenge to Meta could have forced it to spin off Instagram and WhatsApp, but judge ruled company did not hold social networking monopoly

Android Central

Meta cleared of monopoly claims as judge highlights competition with TikTok

A U.S. federal judge ruled in favor of Meta, stating it does not maintain a monopoly in the social media space.

Benzinga

Meta Wins FTC Antitrust Case, Not A Social Media Monopoly

A federal judge has handed a major legal triumph to Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, officially rejecting government accusations that the tech giant maintains an illegal monopoly on personal social networking.

International Business Times

The Future Of AI Isn't Artificial — It's Human

Today's AI doesn't understand people. It understands text patterns. It optimizes for "what usually works" across scraped internet data. However, for marketers, it can't tell why their audience really cares, or what motivates them to act.

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