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Meta Faces Instagram Addiction Lawsuit, Supreme Court Rejects Appeal
The U.S. Supreme Court rejected a request by Meta Platforms on Tuesday to block a lawsuit from Vermont’s attorney general. The state alleges the company...
🔴 FCOM ETF (FCOM) is trading 4.5% down today on profit-taking and rotation out of high-beta internet stocks
FCOM ETF (FCOM) is trading 4.5% down today on sector-specific profit-taking and rotation out of high-beta internet and platform stocks following a strong...
🔴 FCOM is trading 4.5% down today on profit-taking in large internet and platform stocks
FCOM is trading 4.5% down today as the communication services sector faces a sharp pullback driven by profit-taking in dominant internet and platform...
Google launches Gemini 3.5 Flash search, its biggest overhaul in 25 years
Alphabet Inc.’s Google launched its most significant search engine overhaul in over 25 years. The global rollout commenced on May 26, 2026. The update...
AT&T invests $19B in California, targeting 5G and satellite growth
AT&T is investing $19 billion to modernize its network infrastructure across California. The initiative expands fiber connectivity and 5G wireless coverage to...
IMAX Explores Sale to Apple and Netflix, Shares Surge 15%
IMAX Corporation is exploring a potential sale to major technology and entertainment firms. The company reportedly approached Apple, Netflix, and Sony to gauge...
AGAE to Acquire HyalRoute for $2.3B, Pivoting to AI Infrastructure
All In FutureTech Alliance (AGAE) will acquire a 57.67% controlling interest in HyalRoute Fiber-Optic Communication Group. The transaction values the Southeast...
SoftBank Adds $61 Billion in Value, Fueled by Arm and AI
SoftBank Group shares jumped 11.9% on Friday. The two-day rally added more than $61 billion to the Japanese technology conglomerate's market...
Meta settles first school district lawsuit, ending youth mental health trial
Meta Platforms settled the first school district lawsuit scheduled for trial on May 22, 2026. This bellwether case involved claims that social media platforms...
Meta Settles Social Media Addiction Lawsuit, Ending First Federal Bellwether Trial
Meta Platforms reached a settlement with the Breathitt County School District in Kentucky on Thursday. This agreement resolves the first federal bellwether...
Meta Settles First School District Lawsuit, Facing $400 Billion Sector Overhang
Meta Platforms settled a landmark lawsuit with Kentucky’s Breathitt County School District over claims that its platforms fuel a youth mental health crisis....
AT&T Sues California Over $1B Copper Mandate, Pledges $19B Fiber Expansion
AT&T filed a federal lawsuit against California regulators to overturn rules requiring the maintenance of traditional copper landlines. The company argues that...
Take-Two Reports Q4 Earnings Today as Investors Eye Game Pipeline Updates
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reports fourth-quarter and full fiscal year 2026 results today after market close. The release affects the...
🔴 Communications ETF (FCOM) is trading 1.5% down today on broad risk-off sentiment and Meta cost concerns
Communications ETF (FCOM) is trading 1.5% down today as communication services stocks track a broader risk-off move in U.S. equity futures amid higher-rate...
Meta Cuts 10% of Staff, Reassigning 7,000 Workers to AI Units
Meta Platforms began a global workforce reduction on May 20, 2026. The company issued termination notices to thousands of employees, affecting approximately...
Meta cuts 8,000 jobs, shifting resources to $145 billion AI expansion
Meta Platforms launched a global restructuring on May 20, 2026. The company is laying off approximately 8,000 employees. This reduction represents 10% of...
Meta Cuts 8,000 Jobs, Pivoting to $100 Billion AI Investment
Meta Platforms initiated a global workforce reduction on May 20, 2026. The company is laying off approximately 8,000 employees. Notifications reached staff...
Meta Slashes 8,000 Jobs, Reassigning 7,000 Staff to AI
Meta Platforms launched a global workforce reduction on May 20, 2026. The company is eliminating approximately 8,000 roles, primarily within engineering and...
Meta Cuts 8,000 Jobs, Funding Massive Pivot Into AI
Meta Platforms began cutting its workforce on May 20. The reduction affects approximately 10% of staff, totaling around 8,000 jobs. An internal memo detailed...
Meta Slashes 10% of Workforce, Reallocating Capital to AI Infrastructure
Meta Platforms began a 10% global workforce reduction on May 20, 2026. The company is reallocating capital from personnel costs toward massive investments in...