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Meta Platforms shares rose after reaching a settlement of up to $16.7 billion with 47 U.S. states and territories over social media addiction lawsuits.
Meta Platforms' stock rose on Thursday, with gains reaching as high as 4.1% at one point, and still up 1.9% as of 11:46 AM ET. This follows the company's announcement on Wednesday of a broad legal set
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Meta agrees to pay up to $16,680 million to settle teen addiction lawsuits, and will implement daily usage time limits and nighttime blocking on Facebook and Instagram.
Meta Platforms Inc. on Wednesday agreed to pay up to $16.8 billion to settle with a coalition of 29 states over allegations that its Facebook and Instagram platforms were designed to addict children,
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Meta to pay $18 billion to settle lawsuit filed by state attorneys general over social media addiction, stock rallies
Meta Platforms has agreed to pay $18 billion to resolve a lawsuit initiated by a group of state attorneys general. The lawsuit alleged that Meta's social media apps, including Facebook and Instagram,
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Meta reaches settlement with 29 U.S. state attorneys general in federal lawsuit over child social media addiction
Meta has reached a settlement in a federal lawsuit alleging that its applications, including Facebook and Instagram, misled the public and concealed the extent of harm to children's mental health. The
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Instagram Chief Adam Mosseri Admits Few Teens Used 'Take a Break' Safety Feature Before Default in Meta Trial
Instagram chief Adam Mosseri admitted in a landmark trial against Meta that only 1-2% of teenagers used the 'Take a Break' safety feature before it was turned on by default in September 2024. Mosseri
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Meta faces a lawsuit alleging its social media platforms target children, putting $1 trillion of the company's market value at risk.
The lawsuit poses an "existential question" for the future of Meta's core business, after its share price had already been under pressure due to its spending on artificial intelligence.
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Ex-Tricolor Executives Face SEC Lawsuit After Firm Collapse
The US Securities and Exchange Commission (SEC) has sued Tricolor Holdings founder Daniel Chu, who already faces federal charges, and two other former executives. They are accused of allegedly defraud
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Attorneys general from 10 U.S. states have filed a lawsuit challenging a new federal rule that allows banks not to pay interest on mortgage escrow accounts.
Attorneys general from 10 U.S. states have filed a lawsuit aimed at overturning a recently issued rule by the Office of the Comptroller of the Currency (OCC). These new rules allow banking institution
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OpenAI is accelerating the development of its first consumer-grade smart speaker, with plans for a 2027 release and a price point of $300-400. Apple has filed a lawsuit alleging trade secret infringement.
According to Bloomberg, OpenAI's first consumer hardware product, a "donut-shaped" smart speaker designed by Jony Ive, the father of the iPhone, is planned for official release in 2027, priced between
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Binance Affiliates Sue RedotPay Founders for Allegedly Diverting Users in $470 Million Lawsuit
Binance affiliates are suing the founders of Hong Kong-based crypto payments firm RedotPay for allegedly diverting hundreds of thousands of customers to a competing product in a “fraudulent scheme.”
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New Jersey sues Amazon for antitrust violations, alleging 'monopsony' power over delivery contractors leads to suppressed wages and competition
New Jersey Attorney General Jennifer Davenport announced the lawsuit, alleging Amazon abuses its power over third-party delivery contractors by preventing them from unionizing and restricting them fro
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Analysis suggests holding off on buying Meta Platforms stock despite 12% YTD decline and lower valuation, citing potential $1.4 trillion in lawsuits over social media addiction and child saf
The analysis highlights that while Meta Platforms (META) stock has fallen 12% year-to-date and trades at 22 times its trailing earnings (compared to the S&P 500's 25 times), making it appear cheaper,
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Coinbase Secured the dismissal of most of the allegations in a customer class-action lawsuit involving 99.97% of its trading volume
The U.S. cryptocurrency exchange Coinbase has secured a dismissal of most of the allegations in a class-action lawsuit filed by its customers. The lawsuit alleged that Coinbase illegally sold unregist
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US FTC Sues Telehealth Platform Hims & Hers Over User Health Data Sharing, Deceptive Practices
The U.S. Federal Trade Commission (FTC) has sued telehealth platform Hims & Hers, alleging the company shared users' sensitive health information with online advertisers like Meta Platforms and Snap,
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Apple Faces Lawsuit Over Alleged $1.8M Bitcoin Wallet App Losses
Three users have filed a lawsuit against Apple, alleging that a fake Sparrow Wallet app available on Apple’s App Store drained their Bitcoin holdings. The plaintiffs claim total losses exceeding $1.8
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BitMEX Faces Proposed Class Action Lawsuit, Accused of Retaining 622.66 BTC Through Forced Liquidations
Svmuu News: Bitcoin News posted on X stating that BitMEX is facing a proposed class-action lawsuit filed by BKX Services Inc. and David Namdar in the U.S. District Court for the Southern District of N
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Involving $285 billion, the Bitcoin lawsuit—which had been dormant for 14 years—was revived in 2011
Svmuu News A Bitcoin address that had been dormant since March 2011 transferred out its 35.55 BTC holdings this week. This address is involved in a lawsuit in New York covering 39,069 wallets. The cas
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Peter Schiff: Predicts STRC Investors May Lose Most of Their Principal, Strategy Could Face Significant Legal Troubles
Svmuu reported that Peter Schiff, a well-known gold bug and cryptocurrency critic, posted on X: "Most STRC investors may end up losing most of their money. Once Michael Saylor is forced to cancel the
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Bayer Wins Roundup Cancer Lawsuit, Bolstering Settlement Efforts
A St. Louis jury rejected claims by three women who alleged that Bayer AG's Roundup weedkiller caused their cancer. The verdict strengthens Bayer's efforts to control the cost of settling tens of thou
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Parents sue OpenAI, alleging GPT-4o advised daughter to stop epilepsy medication
OpenAI is facing a lawsuit from the parents of Bowen Wan, who allege that the GPT-4o model instructed their 31-year-old daughter to secretly discontinue her epilepsy medication, lamotrigine, and conce
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The U.S. Federal Trade Commission (FTC) and 20 states have filed a lawsuit against retailer Dollar General
The U.S. Federal Trade Commission (FTC) and 20 states have filed a lawsuit against retailer Dollar General, accusing the company of charging customers higher prices than those displayed on shelves, pr
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Circle shareholders are suing Donald Trump and World Liberty Financial, alleging that Trump violated the U.S. Constitution's foreign emoluments clause through two UAE-linked transactions, including the $500 million sale of a 49% stake in World Liberty and a $2 billion investment in Binance via USD1 stablecoin, according to Bloomberg.
According to Bloomberg, Circle shareholders are suing former U.S. President Donald Trump and World Liberty Financial, alleging that Trump violated the U.S. Constitution's foreign emoluments clause thr
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OpenAI accuses former employee of stealing over 100 hardware secrets and defecting to Apple, potentially filing a countersuit, leading to a postponement of the scheduled trial.
OpenAI on Wednesday filed new court documents accusing a former employee of stealing over a hundred highly confidential documents related to unreleased devices before leaving the company, and then pre
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OpenAI disclosed in a court brief against Apple: Leaked files contained images of unreleased devices, engineering data, and supplier information.
OpenAI stated in a court filing that the leaked documents included detailed images of unreleased devices, engineering data, and supplier information. OpenAI also said that Apple has not guaranteed tha
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OpenAI disclosed in its lawsuit against Apple: A former employee, after moving to Apple, showed unreleased OpenAI products to Apple executives.
OpenAI disclosed in its lawsuit against Apple: A former employee, after moving to Apple, showed unreleased OpenAI products to Apple executives.
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Law firm supported by Gramercy successfully dismisses motion to disqualify, continues participation in $36 billion Brazil dam lawsuit.
A law firm backed by Gramercy Funds Management successfully fought off a motion to remove it from a $36 billion lawsuit involving hundreds of thousands of victims of a dam collapse in Brazil, Bloomber
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Meta faces $942M fine and $18B settlement over youth harms, yet Q2 revenue jumps 28%
Meta Platforms is grappling with multiple lawsuits alleging its products harm young users, including a $942 million fine from New Mexico for child safety issues and an $18 billion settlement with 48 U
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UK's MFS Owner Says He's Been Harassed by Lawsuits After $3 Billion Collapse Amid Fraud Allegations
The owner of Market Financial Solutions Ltd. (MFS) says he has been harassed by lawsuits after the UK property company collapsed amid allegations of widespread fraud. Creditors are trying to recover a
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South Korean e-commerce giant Coupang has filed a lawsuit challenging a 624.7 billion won privacy fine.
South Korean e-commerce giant Coupang has filed a lawsuit in court challenging a 624.7 billion won (approximately $461 million) privacy fine imposed by the Korea Personal Information Protection Commis
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NVIDIA's $20 billion Groq deal faces lawsuit, accused of undervaluing shareholder worth and evading a vote.
NVIDIA's $20 billion acquisition of AI chip design company Groq's assets is facing a lawsuit. Former Groq engineers Joshua Rubin and Benjamin Serebrin filed a lawsuit in the Delaware Court of Chancery
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Lukoil, the Russian oil giant, failed to dismiss a lawsuit alleging overpricing of fuel to franchisees, allowing nearly 30 gas station owners in Pennsylvania and New Jersey to proceed with their litigation.
Lukoil, the Russian oil giant, failed to dismiss a lawsuit alleging overpricing of fuel to franchisees, allowing nearly 30 gas station owners in Pennsylvania and New Jersey to proceed with their litig
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Google faces over $3.2 billion ad tech monopoly claim, New York court rules publishers can proceed with jury trial
A New York federal court ruled late Wednesday that several major publishers could seek over $3.2 billion in damages from Google for monopolizing the ad tech market, and allowed jury trial proceedings
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Trump administration faces lawsuit over plan to claw back hundreds of millions in federal funds approved by Congress, ahead of fiscal year-end
Trump administration faces lawsuit over plan to claw back hundreds of millions in federal funds approved by Congress, ahead of fiscal year-end
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Optimum and its controlling shareholder, Patrick Drahi, were sued by creditors who accused them of fraudulent transfers, Bloomberg Markets reported.
Creditors have filed a lawsuit against telecom company Optimum Communications Inc., seeking to claw back transfers they allege fraudulently shifted value away from creditors to insiders, including con
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LayerZero faces $292 million lawsuit alleging negligence in its security model, following nearly $15 billion in asset migration from its platform.
Evercrest Technologies Inc., the entity behind KelpDAO, is suing LayerZero Labs, its Canadian affiliates, and CEO Bryan Pellegrino in British Columbia, alleging negligent misrepresentation, negligence
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British Columbia sues OpenAI and CEO Sam Altman over mass shooting, alleging failure to alert authorities to threats on ChatGPT
The Canadian province of British Columbia filed a lawsuit in a US federal court on September 21 against OpenAI and its CEO Sam Altman. The lawsuit alleges OpenAI failed to notify authorities about con
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Estée Lauder Faces New Shareholder Lawsuit Alleging Use of Gray Market Daigou to Inflate Asia Sales
Shareholder Portia McCollum filed a lawsuit in Manhattan federal court on Tuesday, accusing Estée Lauder's Asia travel retail sales channel of relying on a "pervasive, prohibited grey market reselling
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Glencore Granted Approval to Sue UK's Prax Over $230M Unpaid Oil Bill
Glencore Granted Approval to Sue UK's Prax Over $230M Unpaid Oil Bill
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BitMEX faces lawsuit from Celsius estate over alleged wrongful liquidation of 6,360 BTC worth nearly $490 million
The Celsius estate alleges that BitMEX wrongfully liquidated and seized 6,360 BTC, valued at nearly $490 million, during the market crash in March 2020.
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Coinbase CEO Brian Armstrong reposts CLO Paul Grewal's tweet, recalling a company that sought regulation, then sued and won after being 'jerked around'.
Coinbase CEO Brian Armstrong reposts CLO Paul Grewal's tweet, recalling a company that sought regulation, then sued and won after being 'jerked around'.
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OpenAI Faces 30 New Lawsuits Related to Tumbler Ridge Shooting, Accused of "Aiding and Abetting" for the First Time
Edelson PC filed 30 new lawsuits against OpenAI in a California court this Tuesday, accusing the company of responsibility for the mass shooting in Tumbler Ridge, Canada, on February 10. These new law
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FTC Sues Amazon, Accusing E-commerce Giant of Misleading Advertisers
The Federal Trade Commission (FTC) on Monday filed a lawsuit against Amazon, alleging the company misled advertisers regarding its sponsored ads pricing and auction systems. The lawsuit claims adverti
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Lawsuit
24H Trending
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What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
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Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
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LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
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Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
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Unlimit founder backs Phase blockchain with $45M as mainnet launches
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Global Business Forum Urges Business Leaders to Embrace AI and Rethink Strategies
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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