The Latest Breaking News from Meta

Most Australian teens still on social media three months after ban

SYDNEY — More ‌than eight in 10 Australian teenagers were still using social media three months after the government's landmark ban on the platforms for under-16s took effect because the tech firms failed to implement effective age checks, the country's internet regulator has found.

Bangkok Post · Jul 31

Gary Black Says Meta Stock Could Mirror Alphabet's Post-Earnings Recovery: Here's Why the Analyst Calls Google 'The Better Business'

The Future Fund‘s Gary Black said Meta Platforms Inc.‘s (NASDAQ:META) post-earnings selloff could mirror Google parent Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) recovery over this week, as investors look past conservative guidance and one-time items.

Benzinga · Jul 31

Most Australian teens still on social media three months after under-16 ban began, study finds

In a study published on Friday, eSafety also found most children aged between 10 and 15 were using social media just as frequently in March as they had before the ban came into force on December 10 last year, while parental awareness ‌of their habits ⁠decreased.

The Economic Times · Jul 31

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters

The Guardian - US · Jul 30

LinkedIn’s newest feature: A ‘Seems Like AI Slop’ button

LinkedIn is also removing its ‘enhance with AI’ option for users and replacing it with an option for proofreading that does not significantly re-write posts

The Independent UK · Jul 30

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

Fortune · Jul 30

Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.36%. September E-mini S&P futures (ESU26 ) rose +1.65%, and September E-mini Nasdaq futures...

Barchart · Jul 30

Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Wall Street is beginning to reward companies that are successfully converting AI investments into measurable returns and punish those who are not.

International Business Times · Jul 30

Nasdaq Soars 679 Points as Microsoft Pops: Stock Market Today

Surging long-term Treasury yields didn't hold stocks back on Thursday, as Wall Street cheered one Big Tech's blowout earnings report.

Kiplinger · Jul 30

Meta Stock’s Free Cash Flow Just Sent Wall Street a Warning

Meta Platforms' second quarter wasn't entirely a bad quarter. However, it forced investors to rethink the cost of its AI ambitions.

Barchart · Jul 30