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The Latest Breaking News from Meta

Illinois among 33 states suing Meta, alleging its platforms have harmed kids

The Menlo Park, California-based company formerly known as Facebook is accused of ensnaring youths “while misleading the public about the risks of social media.”

Chicago Sun-Times

States sue Meta claiming its social platforms are addictive and harm children's mental health

Dozens of US states, including California, New York, Arizona and Indiana are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms

The Independent UK

AI's big LLM makers all flunked a major transparency assessment

Stanford's Institute for Human-Centered AI released its "Foundation Model Transparency Index," which looked at models including OpenAI, Anthropic, Meta, and Google. The results were not good.

Fortune

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Meta is being sued by a majority of U.S. states for allegedly fueling the national youth mental health crisis. Parents don't have to wait for a verdict to intervene

Adolescents who spend more time on social media have an increased risk of symptoms of anxiety and depression.

Fortune

States sue Meta, claiming Instagram, Facebook fueled youth mental health crisis

More than 40 states filed legal actions against Meta on Tuesday, alleging that the company intentionally designed features that hooked a generation of young people.

WEKU

States sue Meta for harming young people's mental health, collecting data on children

A group of 33 states including California, New York, Arizona and Indiana are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms

The Independent UK

Bipartisan coalition of 33 attorneys general is suing Meta for harming youth

The lawsuit was filed on Tuesday in a California district federal court.

Fortune

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Spotify CEO says platform wouldn't exist today because of Apple

Ek was lambasting Apple and Google's 30% fees on their App stores as a new competition bill goes through UK parliament.

Fortune

Are social media giants censoring pro-Palestine voices amid Israel’s war?

Users and activists say the world’s largest social media platforms are censoring content about Palestine.

Al Jazeera

3 Mega-Cap Stocks To Buy Before They're Worth $1 Trillion

Meta Platforms, Berkshire Hathaway, and ExxonMobil could be among the next crop of mega-cap corporations to join the trillion-dollar club, alongside corporate heavyweights like Apple, Microsoft, and Nvidia.

Barchart

Meta Q3 Earnings Preview: 7 Things To Watch in Wednesday's Report

Meta Platforms will release its Q3 earnings this week. Here's a preview of Wall Street's earnings expectations, plus the 7 things that investors should watch for in the report.

Barchart

Option Volatility And Earnings Report For October 23 - 27

Earnings season continues in earnest this week with a more big names set to report. This week we have MSFT, GOOGL, AMZN, META, XOM, V, F, INTC and BA all set to report.

Barchart

The laid-off masses have a message for Mark Zuckerberg and Marc Benioff: We'll never come back

Over half of professionals told Glassdoor in a new survey that they wouldn’t boomerang back to a job they were laid off at.

Fortune

Mark Zuckerberg learns how to braid his daughter's hair using AI

Meta CEO Mark Zuckerberg shared an interesting post on the social media platform Instagram. In the video post, we see Zuckerberg making braids on his daughter's hair. "Finally learned to braid. Thanks, Meta AI,” he captioned the post.

The Times of India

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Evening Standard

Instagram apologises for adding ‘terrorist’ to some Palestinian users profiles bios

Meta has 'sincerely' apologised and said the problem has been fixed

The Guardian - AU

Instagram apologises for adding ‘terrorist’ to some Palestinian user profiles

Parent company Meta says bug caused ‘inappropriate’ auto-translations and was now fixed while employee says it pushed ‘a lot of people over the edge’

Fortune

Facebook adjusts comment settings to prevent harassment

The company notes this is a temporary measure.

Fortune

Meta acknowledges blocking COVID searches on Threads during Israel-Hamas war

Meta platform is prioritizing the war in Israel and Gaza.

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The Independent UK

EU demands Meta and TikTok detail efforts to curb disinformation from Israel-Hamas war

The European Union has ratcheted up its scrutiny of Big Tech companies with demands for Meta and TikTok to detail their efforts to curb illegal content and disinformation during the Israel-Hamas war

Android Central

Meta Quest 3S: Specs, games, software, and everything you need to know

We run through the Meta Quest 3S specs, our review, how it compares to other Meta headsets, and all the pricing details you need to know.

Barchart

Top AI Stocks To Watch as Wedbush Predicts Eye-Opening Q3 Earnings

Wedbush analyst Dan Ives believes Q3 tech earnings could lift the sector 12-15% higher, which means Wall Street may be underestimating the AI growth potential for leading stocks like Crowdstrike, Microsoft, Amazon, and others.

StockNews.com

Analyzing Internet Stocks Meta Platforms (META) and Amazon.com (AMZN) for Long-Term Gains

The never-ending demand for internet services is driving the internet industry's growth in our rapidly advancing, high-internet-usage world. To that end, let’s analyze the investment prospects of internet stocks Amazon.com (AMZN) and Meta Platforms (META). Read on….

StockNews.com

3 Internet Stocks Paving the Way for Profits

Amplified internet usage, backed by government support and a rising digital transformation worldwide, offers various growth possibilities for businesses delivering online services. Therefore, investors could add quality internet stocks Amazon.com (AMZN), Booking Holdings (BKNG), and Meta Platforms (META) to their portfolios for above-average returns. Read on….

The Guardian - US

Instagram users accuse platform of censoring posts supporting Palestine

Users say their posts no longer appear at top of feeds and some suspect platform is shadow-banning, or demoting content

Al Jazeera

Surrounded by death, Gaza content creators fight to get the truth out

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