Meta Platforms (Facebook) Stock News

AI is expected to have a multi-trillion dollar economic impact globally, with a recent estimate from IDC placing AI's cumulative potential impact through 2030 at $20 trillion. Developing larger models and doubling model sizes requires massive computing power that only Big Tech can afford to develop. Big Tech is already realizing AI-related gains, with three of the four saying AI revenue is at l...

Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) will reportedly launch a legal challenge against India's competition watchdog over restrictions on data-sharing between WhatsApp and its other apps. WhatsApp was told to refrain from sharing user data to use for advertising for five years by The Competition Commission of India on Monday.

Meta Platforms said on Tuesday it plans to appeal an order by India's competition watchdog that restricts the U.S. tech firm from sharing data for advertising between WhatsApp and its other applications and also imposed a $25.4 million fine.

Dow Jones media giant Disney, along with Meta stock, offer new buy points. Heico and FanDuel parent Flutter are near buy points.

Meta AI says its Ray-Ban smartglasses are now available in four European countries. Beginning Monday (Nov. 18), users in France, Spain, Ireland and Italy can use these artificial intelligence (AI)-powered glasses to get answers to questions, with those responses now available in French, Italian and Spanish, as well as in English.

India's competition watchdog has fined Meta $25.4 million for antitrust violations related to WhatsApp's controversial 2021 privacy policy.

India's competition watchdog imposed a monetary penalty of 2.14 billion rupees ($25.4 million) on Meta on Monday over antitrust violations related to WhatsApp's 2021 privacy policy.

A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation.