Meta’s Ray-Ban glasses get prescription treatment
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TikTok, Meta and Australia
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The Magnificent Seven stocks have been hurt by several developments in 2026. For Meta Platforms, the company is cutting jobs and spending aggressively on AI growth. The company has also been hit with several recent court rulings that could lead to more legal challenges.
The curtain has been drawn on Meta’s movie rating-inspired content filters for teens on Instagram after the Motion Picture Association, which created the ratings, essentially said—loudly and legally—that it didn’t want its ratings anywhere near the social media company’s products.
Meta is laying off 168 employees across its Seattle-area offices, as the company pours money into artificial intelligence infrastructure and significantly scales back its virtual reality ambitions. The Menlo Park,
Meta's two courtroom defeats centered on different cases but both involved allegations that the company knew about its products' harms.
Mark Zuckerberg’s social media giant is facing challenges on multiple fronts at a time when Big Tech companies are feeling increased investor pressure. Yesterday, shares of Facebook and Instagram owner Meta Platforms (Nasdaq: META) dropped nearly 8% in a single trading session,
Meta is laying off about 168 more workers in locations in Seattle, Bellevue, and Redmond, along with some who work remotely.Most employees' jobs will end on May