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August 19, 2026 11:40 AM

Meta rejects claims it sought to hook children to Facebook, Instagram as landmark trial begins

Meta Platforms rejected accusations by U.S. states that it intentionally sought to addict children to its Facebook and Instagram platforms in pursuit of profit, at the start of a trial that could reshape some of the most popular apps on the planet. A bipartisan group of 29 U.S. states is suing Meta, seeking potentially tens or hundreds of billions of dollars in penalties and changes to how Meta does business. Four lead states — California, Colorado, Kentucky and New Jersey — accused Meta o...

August 13, 2026 11:01 AM

Meta, 29 states head to court in biggest test yet of youth social media litigation

Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platforms. The trial in Oakland, expected to last seven weeks, will test Colorado, Kentucky, California and New Jersey’s allegations that Meta designed its platforms to keep young users hooked an...

July 30, 2026 12:09 PM

Meta’s Q2 revenue jumps by 28% YoY, while net profit declines 14% amid higher spending

Meta Platforms reported a 28 per cent year-on-year increase in revenue for the second quarter of 2026, driven by growth in advertising and user engagement, although net profit declined 14 per cent as higher operating costs weighed on earnings. According to the company's financial statement, revenue for the quarter ended June 30, 2026, rose to $60.80 billion from $47.52 billion a year earlier. On a constant-currency basis, revenue increased 27 per cent year-on-year. Net income declined to $15.8...

July 15, 2026 12:37 PM

Meta used AI to target workers with medical conditions for layoffs, lawsuit claims

Twenty-six employees of Meta ‌Platforms have filed a novel lawsuit accusing the tech giant of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting workers for mass layoffs. The lawsuit, filed in Oakland, California, federal court late Monday, says that the company relied on factors such as productivity and AI token usage when it slashed thousands of jobs earlier this year, disadvantaging people who missed work because...

May 25, 2026 12:19 PM

How Meta is reshaping its operations to become an AI powerhouse

Meta Platforms has initiated a major restructuring exercise as the social media giant intensifies its focus on artificial intelligence to strengthen its position in the rapidly evolving AI industry. According to reports, the company last week laid off around 8,000 employees globally while reassigning another 7,000 workers to artificial intelligence-related roles, signalling a significant operational shift towards becoming an AI-first organisation. The restructuring comes as Meta Platforms plan...

May 22, 2026 10:17 AM

Meta settles first US case over school costs tied to youth mental health, court filing shows

Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court in Oakland, Califo...

May 4, 2026 3:52 PM

New Mexico seeks changes to Meta platforms in youth harm trial

A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes. The case, which will be tried before a judge in Santa Fe, stems from a lawsuit filed by New Mexico Attorney General Raúl Torrez, a Democrat, accusing the social media giant of designing its platforms to addict young users and failing to protect childr...

April 30, 2026 1:08 PM

Meta shares fall on concerns over AI spending, legal scrutiny

Meta Platforms raised its annual capital spending forecast on Wednesday, signaling plans to pour billions more into artificial intelligence infrastructure even as it confronts potential losses from a global youth backlash against social media. The Facebook and Instagram parent projected 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion. Shares of the company fell more than 6% in extended trading. Meta also warned t...

September 22, 2025 5:34 PM

Meta’s AI system Llama approved for use by US government agencies

U.S. government agencies will be able to use Meta Platforms' artificial intelligence system Llama, a senior administration official said, as the Trump administration pushes to integrate commercial AI tools into government operations. The General Services Administration, the government's purchasing arm, will add Llama to its list of approved AI tools for federal agencies, said Josh Gruenbaum, the GSA's procurement lead, in an interview ahead of announcing the initiative. Agencies will then be a...

October 29, 2024 12:17 PM

Brazil institute sues social media giants for $525 mln over usage by minors

Brazil's Collective Defense Institute, a consumer rights group, has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions reviewed by Reuters. WHY IT'S IMPORTANT Social media regulation has become a hot topic in Latin America's largest country after a months-long feud between X own...