Meta settles $8 billion Facebook privacy lawsuit
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As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 Wall St. is here to help.
Meta appointed Connor Hayes, Meta’s VP of product for generative AI, to become the head of Threads, per Axios. Until now, Instagram head Adam Mosseri has been in charge of Threads. But the platform has grown into more than a side product of Instagram, necessitating additional leadership.
Meta is making massive AI investments, aiming to become a leading AI powerhouse and compete with OpenAI and other peers. Read more on META stock here.
Analysts are in love with Meta's aggressive growth strategy in recent years and believe it can keep performing.
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In its email to Meta, the CM’s office said the translations from Kannada to English on Meta sites were frequently inaccurate and, in some cases, grossly misleading. Meta, in its response said, "We fixed an issue that briefly caused this inaccurate Kannada translation.
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Meta Platforms has gained over 1,200% since 2012. The company is now investing heavily in artificial intelligence, bolstering our stock price predictions.
Meta has apologized for a translation error in Kannada on its platforms, prompting concerns from Karnataka's Chief Minister Siddaramaiah. The issue, now fixed, led to misleading information, highlighting the importance of accuracy,
Artificial intelligence is extremely important to the future of Meta Platforms, and the potential impact of the technology still seems to be underappreciated by the market. Meta's stock price is attractive, and it would be a buy whether it made the move to invest in Scale AI or not.
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Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers.
WILMINGTON, Delaware (Reuters) -A lawyer for Meta Platforms shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebook’s user privacy violations.
Meta Platforms, Inc. (NASDAQ:META) is likely to face new EU antitrust charges and substantial daily fines starting June 27.