Canadian Schools Sue Meta, ByteDance and Snap Over Social Media Addiction [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Platforms Inc.'s Facebook and others are harming children's mental health and learning. Most Read from Bloomberg Tesla's $25,000 Car Means Tossing Out the 100-Year-Old Assembly Line Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse Dubai Is Losing Its Allure for Wealthy Russians London Insurers Face Baltimore Bridge Payouts Worth Billions UBS Banker's Frustration Exposes Cracks in World of Climate Finance School districts in Toronto, Ottawa and Peel Region filed separate legal actions Wednesday seeking a total of about C$4.5 billion ($3.3 billion) in damages. The suits against Meta, TikTok owner ByteDance Ltd. and Snapchat parent Snap Inc. claim the companies deliberately targeted children with products designed to create compulsive behavior — causing disruption in the classroom and making kids more vulnerable to sexual abuse and exploitation. “Endemic social media use is causing an unprecedented youth mental health crisis,” the Toronto District Scho
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META
News
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- Meta's investors are worried about the billions it's spending on AI—but its advertising empire makes it a positive, Deutsche Bank says [Yahoo! Finance]Yahoo! Finance
- WhatsApp Threatens To Drop 500 Million Users From App [Forbes]Forbes
- Lofty US stocks leave investors punishing earnings disappointments [Yahoo! Finance]Yahoo! Finance
- Meta AI tested: Doesn't quite justify its own existence, but free is free [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 4
- 4/24/24 - Form PX14A6G
- META's page on the SEC website