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The Latest Breaking News from Meta

Meta Humiliated in Court Over Claims It Mass-Downloaded 2,300 Pirated X-Rated Movies to Train Its AI

Meta is embroiled in a lawsuit over claims it illegally downloaded adult films to train AI models, with a judge allowing the case to proceed, intensifying scrutiny on tech data practices.

International Business Times UK

Nvidia Plans Massive $20 Billion Debt Offering to Fuel AI Expansion

Nvidia is returning to the U.S. investment-grade bond market for the first time since June 2021, when it raised $5 billion through a debt offering.

International Business Times

Nebius Stock Gets a Boost From Nasdaq-100 Inclusion. What to Know.

Nebius stock rallies ahead of inclusion in the Nasdaq-100 index on June 22. Here’s why NBIS shares are worth owning in 2026.

Barchart

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Famed Short Seller Jim Chanos Calls SpaceX IPO Fueled by Hopes and Dreams, Not Reality

Famed short seller Jim Chanos criticized the SpaceX IPO just days before, calling the ~$1.75 trillion valuation at $135 per share driven more by “hopes and dreams” than realistic financial assumptions.

Barchart

Meta Is Unwinding Its $2 Billion Deal With Manus. What That Means for META Stock.

Meta stock inches down as the company begins unwinding Manus acquisition. Here’s how you should play META shares following the announcement.

Barchart

Keir Starmer's social media ban 'about saving his own skin', charity boss says

KEIR Starmer’s ban on social media for everyone under 16 is not supported by experts or evidence but is being done to save his own skin, according…

The National (Scotland)

Meta's 8000 Layoffs: Unhappy Staff Hope To Be Axed Despite Record Profits

Meta is cutting 8,000 jobs despite record profits, causing employee frustration. The layoffs coincide with heavy AI investment, raising concerns about company priorities and job security.

International Business Times UK

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Fired by Meta, Then Detained by ICE: Ex-Colleagues Raised Alarm Over Missing Worker

A Meta-linked worker's detention by ICE has sparked internal discussions on immigration enforcement and the vulnerability of support staff in tech industry labour networks.

International Business Times UK

Meta Leases Massive Data Center From Reliance to Boost AI Infrastructure. All That Money Is Buying Muscle for META Stock.

Meta Platforms is planting a bigger flag in India as its AI spending climbs into the hundreds of billions.

Barchart

UK Bans Social Media Use For Anyone Younger Than 16

The British government announced age restrictions for social media, saying that platforms disrupt childhoods and are designed to be addictive.

International Business Times

UK bans under-16s from using social media apps including TikTok and YouTube

Prime Minister Keir Starmer said Britain will ban children under 16 from using social media apps like Snapchat, TikTok, and YouTube from early next year

AAP

After Axing 8,000 Jobs, Mark Zuckerberg Admits Meta 'Made Mistakes' In AI Overhaul

Meta CEO Mark Zuckerberg admits to mistakes in the company's AI transition, following major restructuring and job cuts. He reassures employees of stability while planning further AI investments.

International Business Times UK

'It's Literally the Gulag': Furious Meta Employees Speak Out on 'Soul-Crushing' AI Jobs

Meta Platforms is facing employee unrest as it cuts jobs and expands its AI unit, with workers expressing dissatisfaction over new roles and intrusive monitoring practices.

International Business Times UK

Social media firms cast doubt on effectiveness of Starmer’s social media ban

Leading tech firms warned that a blanket ban on social media for under-16s could drive them into unregulated online spaces.

Evening Standard

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MarketBeat

Meta to Follow Alphabet's Footsteps? What an Equity Raise Could Mean

After Alphabet's large equity funding round, see what an equity raise could mean for Meta Platforms as both firms rabidly pursue AI growth.

The Economic Times

BBC Layoffs: Around 2,000 jobs at risk as broadcaster plans 10% cost cuts; Who may lose their jobs and why

BBC Layoff 2026: The BBC is preparing to cut approximately 2,000 jobs, equivalent to around 10% of its workforce costs, as part of a wider plan to reduce spending by £500 million over the next two years. The broadcaster's news division is expected to be among the hardest hit, with…

International Business Times UK

SpaceX FOMO Hits Investors After Record IPO: These 3 AI Stocks Offer Better Value

A Motley Fool analyst believes Amazon, Meta, and Nebius offer better long-term AI investment opportunities than SpaceX, despite its record-breaking IPO debut.

The Guardian - AU

Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPO

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Euronews

Trump celebrates 80th birthday with Iran deal and UFC cage fight on the White House South Lawn

Trump delayed his attendance to the French region of Evian where leaders of the Group of Seven – or G7 – are set to meet to host his UFC fight birthday event.

The Independent UK

Big-name celebrities were invited to Trump’s UFC White House event. Very few turned up

Adam Sandler, Guy Ritchie and Tom Brady were rumored to be invited by UFC boss Dana White, but they appeared to snub the unprecedented birthday bash

Evening Standard

Trump celebrates 80th birthday with Iran peace deal and White House cage fights

British boxing star, Tyson Fury, was among the guests in Washington, wearing a Donald Trump for prime minister baseball hat.

The Economic Times

‘I lost my job to AI’: 24-year-old Meta data scientist says layoff was more relief than pain, big tech jobs are no longer safe

Layoff news: A 24-year-old Meta data scientist, Moyan Chen, believes AI contributed to her layoff after less than a year. The experience has led her to question the security of big tech jobs and rethink her career path, recognizing AI's profound impact on the future of work.

The Canberra Times

Social media is stealing our kids' lives. We need to steel ourselves

The emotions of teens blocked from social media are real.

The Guardian - UK

Why is the UK launching an ‘Australia plus’ social media ban and how will it work?

Government wants to back parents against tech companies though some feel the process has been rushed

Barchart

Corning’s Amazon Deal Validates the AI Optics Boom. What That Means for GLW Stock.

Corning’s latest Amazon agreement strengthens the case that fiber optics demand is becoming a major AI infrastructure growth driver.

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