Meta Agrees to Pay Up to $16.7 Billion in Landmark Teen Safety Settlement
Meta agreed to pay up to $16.7 billion and impose major restrictions on Facebook and Instagram use by teenagers under a landmark U.S. settlement.
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Meta agreed to pay up to $16.7 billion and impose major restrictions on Facebook and Instagram use by teenagers under a landmark U.S. settlement.
Amazon beat Wall Street expectations on earnings, revenue, and AWS growth, while announcing its AI and chip businesses each now generate more than $25 billion in annual revenue.
Apple reclaimed the title of the world’s most valuable company after its market capitalization climbed to nearly $5 trillion, overtaking Nvidia as investors reassessed AI spending and valuations.
Microsoft is heading for its worst month since 2000 as investors question whether its massive AI investments will generate adequate returns.
Apple shares fell nearly 5%, wiping out about $230 billion in market value after the launch of Siri AI.
Google unveiled its biggest search transformation in 25 years, replacing traditional link-based results with AI-generated answers, interactive tools, and autonomous agents.
Meta shares fall 10% as investors react to massive AI spending plans and a potential bond sale.
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia and Google announced a major partnership to develop AI infrastructure, combining hardware and software to advance ‘physical’ and agentic AI systems.
Adobe unveiled a $25 billion share buyback program as it seeks to boost investor confidence while expanding its AI-driven product suite.
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.
Anthropic’s estimated valuation has climbed to $851 billion, highlighting explosive growth in AI startups as investors pour capital into the sector ahead of major IPOs.