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The Latest Breaking News from Meta

Meta Platforms Investors Reject Proposals as Zuckerberg Bets Big on AI

Meta Platforms (NASDAQ:META) shareholders rejected a slate of outside investor proposals at the company’s 2026 annual meeting, while Chairman and CEO Mark Zuckerberg outlined what he described as four major opportunities tied to artificial intelligence: improving Meta’s core apps and advertising, pe

MarketBeat

AI Hyperscalers Are Taking on Debt, But the Broader Market Looks More Leveraged

Despite ramping up debt to fund massive AI investments, hyperscalers still carry lower net leverage than the broader S&P 500.

Barchart

As part of her Citi turnaround, Jane Fraser cut management layers from 13 to 8. But the ‘great flattening’ doesn’t always work as intended

From Meta's 50-to-1 reporting ratios to Coinbase's latest layoffs, CEOs are racing to flatten their org charts. The results aren't always what they expect.

Fortune

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read the most diverse news in one place.

Is the AI Bet Starting to Crack? Big Tech's AI Gamble Shows Negative Returns Despite Surge in Spending

Major US tech firms face negative returns on AI investments by 2030, with only Amazon showing positive outcomes.

International Business Times UK

IAC Conference: Cost Cuts, People Inc. Rebrand Aim to Close Valuation Gap

IAC (NASDAQ:IAC) executives said the company’s recent consolidation plan is intended to simplify its structure, reduce corporate expense and narrow what management views as a discount in the company’s share price. Speaking at a TD Cowen fireside chat, Christopher Halpin, IAC’s chief operating offic

MarketBeat

ICYMI: the 8 biggest tech stories of the week, from Oura's new smart ring to the Pope's take on AI

It's been a frenetic week of tech — here are some of the major stories we published over the past seven days.

TechRadar

Social media companies pay $27 million to settle Kentucky school district's lawsuit over social media harms, records show

Meta settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following earlier settlements by co-defendants Snap Inc , YouTube parent Alphabet and TikTok parent ByteDance. Terms of the deals ‌had not been disclosed ⁠in court.

The Economic Times

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AI Costs Are Forcing Big Companies to Put Limits on Workers: Report

Some of the country's biggest companies are beginning to ration access to AI for employers, track their usage more aggressively, and steer tem toward cheaper tools as costs rise faster than expected.

International Business Times

Meta Platforms Is Testing AI Chatbot Subscriptions. What to Know.

Meta Platforms reveals plans of testing paid tiers for its AI chatbot. But does that warrant buying META shares at current levels? Let’s find out.

Barchart

The world is becoming training data for AI, for which everyone is unprotected

Pronto, a home services startup, is facing criticism for using body-camera footage from workers inside customers’ homes to train AI and robotics systems. The company says customers can opt in for discounts, but critics argue the real business is collecting valuable in-home data for humanoid robots.

The Economic Times

Meta tool to track employee mouse clicks on collision course with EU privacy rules

Meta's AI training tool, Model Capability Initiative (MCI), is reportedly capturing extensive U.S. employee computer usage, including non-U.S. data from communications. This extensive data collection could lead to new European privacy violations under GDPR, as employees express concerns about the tool's scope and impact on their internet usage and sensitive…

The Economic Times

The 180-Day Lease Holding Up SpaceX's $2 Trillion IPO

SpaceX's reported $2 trillion valuation is being propped up by a 180-day lease to Anthropic.

Barchart

Anthropic Surpasses OpenAI In Valuation After Massive $65 Billion Funding Round

Anthropic has overtaken OpenAI as the world's most valuable artificial intelligence startup after raising $65 billion in a new funding round.

International Business Times

Meta's Manus Mess: Why China Blocked the Deal and What It Means

The Chinese government just threw a wrench in Meta's AI strategy, blocking its purchase of the startup Manus. See why and what it means for Meta's future.

MarketBeat

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International Business Times UK

One Firm Reportedly Spent Over $500 Million on Claude in Just 30 Days — A Basic Safeguard Was Missing

Unrestricted AI use can lead to unexpected costs for companies. Learn strategies to set boundaries and monitor AI, balancing benefits with financial risks.

International Business Times UK

Iran Targets Google, Meta, Amazon & Microsoft: Plans to Charge Fees for Undersea Internet Cables in Strait of Hormuz

Iranian media propose charging Google, Meta, Amazon and Microsoft fees for undersea internet cables in the Strait of Hormuz to generate major revenue amid tensions

Fortune

Tokenmaxxing is dead. It didn't produce the AI ROI companies wanted.

Token usage is a poor proxy for firm-wide productivity gains. Those only come with workflow redesign.

Android Central

Meta unveils app subscriptions: 'Plus' plans precede 'Meta One' tests for AI and creators

Meta announced a series of "Plus" plans for its main apps and teased a "Meta One" test for creators, businesses, and AI.

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news in one place.

100's of premium titles.
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The Economic Times

Elon Musk defends AI ambitions as IPO reveals trouble

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back against mounting doubts after revelations that the supercomputing facilities built to power his own AI models are being rented out to a rival. It has also landed a Pentagon contract worth up to $200 million…

The Economic Times

Karan Johar unfollows almost everyone from Bollywood, from Shah Rukh Khan to Kareena Kapoor, except Priyanka Chopra

Filmmaker Karan Johar has surprised fans by reportedly unfollowing numerous Bollywood celebrities and close friends on Instagram, including Shah Rukh Khan, Kajol, and Alia Bhatt. This sudden social media activity, which includes actors he launched, has left netizens speculating about the reasons, with some suggesting a possible technical glitch.

The Independent UK

Meta asks users to pay for WhatsApp, Instagram and Facebook

Users asked to pay monthly fee for extra features

Fortune

Costco CEO Ron Vachris says tech is ‘elevating’ workers,’ not replacing them—as IBM and Delta bosses make the same bet on humans

As companies like Meta and Amazon use AI to justify headcount reductions, Costco is doubling down on $1.50 hot dogs and humans at the cash register.

Barchart

Nvidia and Micron Stocks Are Almost Exclusively Driving S&P Earnings Strength. These 3 Very Real Risks Could End It All.

Goldman Sachs data shows that together, Micron and Nvidia are responsible for one-third of all S&P 500 earnings growth in 2026.

Android Central

'When we started our studio, we were building the wrong games.' Millions of Meta Quest owners are playing games like Ug VR every month, and they're redefining VR as we once knew it

Many thought games like Assassin's Creed, Batman, and The Walking Dead were the future of VR. Turns out, they were wrong.

The Economic Times

Meta commits extra funding to oversight board until 2028

Meta's Oversight Board has secured additional funding for its operations until 2028. This watchdog makes binding decisions on content moderation across Meta's platforms. The board previously criticised Meta for dismantling US fact-checking operations and easing restrictions on sensitive topics. Meta CEO Mark Zuckerberg initiated these changes, citing concerns about excessive…

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