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META PLATFORMS ALGORITHM RISKS
Meta stock price: Why are Meta shares down today? Facebook, Instagram parent may witness USD 50 billion wipe out from company's market value despite strong quarterly revenueMeta share price: Facebook, Instagram parent is spending heavily to support its AI plans, with an expected annual capital expenditure forec...- Meta falls as investors balance Muse growth with rising AI costsShares of Meta Platforms fell about 3% in premarket trading on Thursday, as investors weighed the benefits of the company's fast-growing AI...
- 87 million Facebook users & political targeting: What was the Cambridge Analytica scandal that is back in focus as Meta faces a $25 billion hitMeta Platforms has been ordered to pay $25 billion for misleading consumers about data privacy in New Mexico. The ruling follows a jury fin...
- Meta falls as investors balance Muse growth with rising AI costsShares of Meta Platforms declined in premarket trading as investors evaluated costs against growth in the AI sector and faced legal hurdles...
- Meta has strong chance of getting $25 billion New Mexico penalty slashed on appeal, experts sayNew Mexico secured a $25 billion penalty against Meta Platforms after claims of mishandling user data arose. A jury found that Meta misled ...
- Meta’s AI app Muse crosses 10 million US downloads within 40 daysMeanwhile, Zuckerberg highlighted in his post that the most common use case for Muse is shopping, with more than a quarter of people using ...
- X Community Notes 'failed' to flag US election falsehoods, study saysA crowd-sourced verification system used by Elon Musk's X failed to flag a vast majority of false claims related to the US midterm election...
- Meta sued in Australia class action over alleged social media harm to childrenA class action lawsuit has been filed in an Australia court against Meta Platforms' Facebook and Instagram, alleging the social media platf...
- Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentimentContracts for the Nasdaq 100 Index slipped 0.6% and those for the S&P 500 dropped 0.4% in early Asian trading following a split set of resu...
- Meta stock: Facebook, Instagram parent stock price rises after tech giant announces new types of shares. All you may want to knowMeta posted diluted earnings per share of $3.83 in the quarter, a figure that would have been $7.40, had it not been for a $9.89 billion ch...
- Meta tells Brazil's electoral court it treats Lula and Flavio Bolsonaro equally ahead of Sunday voteMeta has taken steps to comply with a court order for equal treatment of presidential candidates in Brazil. The electoral court directed th...
- Meta's board signals 'recurring' failures in election content moderationThe oversight board for social media giant Meta said Tuesday it found "recurrent enforcement failures" in content moderation related to the...
- Global Market Today: Asian shares, US futures rise on AI-trade revivalThe MSCI Asia Pacific Index climbed 0.6% with shares gaining in South Korea and Japan. The Kospi Index rose 1.9%, rebounding after one of t...
- Meta's global affairs officer Joel Kaplan to leave company after 15 yearsKaplan was elevated to Meta's top policy role in January last year, as the social media giant rolled back US fact-checking, ended diversity...
- The Social Reckoning: Looking back at Facebook’s 2021 controversy and where Meta stands todayAaron Sorkin’s latest film focuses on Facebook's past controversies and the implications of its business model. The story centres around wh...
- AI agents are only as good as the personal information you share, and that raises privacy concernsMany have welcomed AI agents into their online lives, and raved about how personalized assistants like Muse can handle everyday tasks with ...
- Govt asks Meta to ensure its recommendation systems do not expose users to a limited set of narrativesThe advisory by the Ministry of Electronics and Information Technology (MeitY), dated October 10, asked Meta to undertake appropriate measu...
- From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI allianceMeta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collabora...
- Wall Street Week Ahead: As AI rally wobbles, stock market's spotlight turns to earningsInvestor confidence in the market is wavering due to recent declines in AI-linked stocks and semiconductor firms. Upcoming quarterly result...
- Meta employees confirm in internal communications of alleged bias against Lula in Brazilian elections, reports newspaperMeta's employees confirmed in an internal communication that the company had restricited Brazilian President Luiz Inácio Lula da Silva’s ac...
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