OpenAI kills Sora [Fortune]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Fortune
And wow, what a burst of surprising happenings to come back to: OpenAI has officially pulled the plug on Sora, its much hyped video generating app; Arm Holdings, the longtime chip IP licensing company, announced it would start selling its own silicon chips; Meta lost a major court battle accusing it of harming teenagers, with the jury awarding the plaintiffs $375 billion in damages (Meta says it will appeal). All of these events are sure to reverberate across the tech industry in the days and weeks to come (we dig into some of them in more detail below). As with many surprises, there were signs foreshadowing the news that will now have more meaning or seem obvious in hindsight (and as with all surprises, there are plenty of punters now crowing about how they “called it” way back when). Alexei Oreskovic @lexnfx alexei.oreskovic@fortune.com Want to send thoughts or suggestions to Fortune Tech? Drop a line here Was this newsletter forwarded to you? Subscribe here! OpenAI kill
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META
News
- Jury finds Meta and YouTube negligent in landmark lawsuit on social media safety [MSNBC.com]MSNBC.com
- Meta cutting several hundred jobs across Reality Labs, Facebook and other departments [MSNBC.com]MSNBC.com
- China restricts Manus co-founders from leaving amid review of Meta Platforms deal, FT reports [Seeking Alpha]Seeking Alpha
- CNBC Daily Open: Plan for peace or a wish list? [CNBC]CNBC
- Some Meta employees were told to work remotely for the day as layoffs loom [Business Insider]Business Insider
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- META's page on the SEC website