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META FINANCIAL SETTLEMENT
What Meta agreed to in US teen safety settlementMeta will pay up to eighteen billion dollars to settle claims regarding child engagement. States alleged social media platforms enticed and...- Major Meta trial begins as lawyers spar over witnesses, damagesFacebook-parent Meta will defend itself in a landmark social media trial that begins Tuesday in California, where attorneys have sparred ov...
- What's the latest in the trials over claims social media is hurting children?The social media companies have denied allegations that their products have contributed to depression, anxiety, body-image issues and a bro...
- Meta, YouTube, TikTok face thousands of lawsuits in the US over kids’ mental health: What we knowMajor social media firms face thousands of lawsuits across the United States. These legal actions allege platforms are designed to addict y...
- Financial sector must build safeguards against AI risks before using it: CEAThe financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by indu...
- Financial sector can't afford to ignore AI risks, CEA V Anantha Nageswaran warnsChief Economic Adviser V Anantha Nageswaran urged financial institutions to prioritize AI security. He warned against waiting for AI threat...
- Impact of MDR’s return; KKR veterans to anchor new fundHappy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in toda...
- Global Market: AI chip rally faces valuation test as investors rotate towards hyperscalersAI chipmaker stock rallies are losing momentum as investors reassess valuations. Hyperscaler capital expenditure growth is projected to slo...
- Among AI crowd, some investors position for slower hyperscaler spending growthFor most of the past two years, the opposite trade prevailed: investors piled into semiconductor and infrastructure companies on the assump...
- The empire of doubt, ally of convenience: America at 250, seen from IndiaAs America marks 250 years, its global dominance, built on military might and economic power, faces unprecedented challenges. Internal self...
- Why Meta tapped Kunal Shah; Beauty’s new factory boomHappy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a pay...
- Social media companies pay $27 million to settle Kentucky school district's lawsuit over social media harms, records showMeta settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following earlier set...
- Meta settles social media addiction case brought by rural Kentucky school districtSocial media giants, including Meta, TikTok, Snap, and Google's YouTube, have settled the first of many lawsuits filed by school districts....
- Facebook’s $725 Million Privacy Settlement payment begins: What it is the highest & lowest payouts users will receiveMeta Platforms Inc., the parent company of Facebook, has begun distributing payments from its USD 725 million privacy settlement. Newly fil...
- Meta, X and LinkedIn appeal unprecedented VAT claim by ItalyU.S. tech giants Meta, X, and LinkedIn are appealing Italy's unprecedented VAT claim, potentially reshaping EU tax policy. Italian authorit...
- Crypto exchange Gemini to return $1.1 billion to customers, pay fine in regulatory settlementGemini's Earn program, which was offered in partnership with crypto lender Genesis Global Capital, was halted during a crypto market crash ...
- Amazon agrees to change some business practices in EU settlementAmazon has agreed to a settlement with European Union regulators that will force the company to make significant changes to its business pr...
- Meta settles lawsuits with 2 firms engaged in scraping its dataMeta (formerly Facebook) has settled a lawsuit for "significant sum" against two companies that were engaged in data scraping operations on...
- Facebook agrees to settle Cambridge Analytica data privacy lawsuitThe lawsuit, which has been going on for four years, alleged that Facebook violated consumer privacy laws by sharing personal data of users...
- NSE IFSC completes physical settlement of US stocksTo start with, NSE IFSC commenced trading in major US stocks like Apple, Alphabet, Amazon, Microsoft, Meta Platforms, Tesla to be settled o...
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