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The Latest Breaking News from Meta

Meta earnings report reveals most profitable quarter in years

Company reports third-quarter revenue of $34.15bn, beating expected $33.56bn, and shares jumped in after-hours trading

The Guardian - US

42 Attorneys General Unite To Sue Meta Platforms Over Addictive Features Targeting Young Users

Meta faces legal challenges as attorneys general allege intentional design to retain young users

Zenger

Meta 'intentionally manipulates' children to become addicted to social media, lawsuit claims

33 US states are suing the company that owns Facebook and Instagram

Evening Standard

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read the most diverse news in one place.

Meta Platforms Q3 Earnings: Revenue Expectations And Key Focus Areas

Meta Platforms Q3 Earnings: Analysts Expect $33.56B Revenue, Focus on AI and User Metrics

Zenger

Meta lawsuit: Instagram owner sued by over 30 US states 'for fuelling youth mental health crisis'

The claimants compare Instagram's features to a dopamine-inducing slot machine

Evening Standard

Up First briefing: Concerns over Israel's war strategy; long COVID origins

The U.S. has concerns violence in Israel and Gaza could spread in the region. Scientists are one step closer to understanding what causes long COVID.

WEKU

Nasdaq Futures Plunge as Alphabet’s Cloud Business Revenue Disappoints, Meta Earnings on Tap

December Nasdaq 100 E-Mini futures (NQZ23) are trending down -0.61% this morning as disappointing results from Alphabet’s cloud business overshadowed upbeat earnings results from Microsoft while investors looked ahead to the next round of corporate earnings.

Barchart

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Meta Quest 3 128GB vs. 512GB: Which storage size do you need?

With 512GB now being the default option for the Quest 3, should you bother hunting down a deal for the 128GB variant anymore? Or, is the Quest 3S the best alternative?

Android Central

Meta Is Being Sued By Multiple US States Bc They Claim IG’s Addictive Nature Is Hurting Kids

"Meta did not disclose that its algorithms were designed to capitalise on young users' dopamine responses and create an addictive cycle of engagement."

Pedestrian.tv

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

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

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news in one place.

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The Independent UK

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

Fortune

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

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.

Al Jazeera

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.

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

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.

Fortune

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.

The Times of India

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.

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’

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