#meta

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    META PLATFORMS INSIDER SELLING AMID MASSIVE AI INVESTMENTS AND MARKET UNCERTAINTY INCREASED INSIDER SELLING AT META PLATFORMS.

    Meta Platforms Inc. (NASDAQ: META) is witnessing notable insider selling as it continues to invest heavily in artificial intelligence (AI). On September 19, 2024, Chief Product Officer Christopher K. Cox sold 20,000 shares at $557.52 per share, amounting to approximately $11.15 million. This...
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    META PLATFORMS PARTNERS WITH ARISTA NETWORKS FOR $2 BILLION AI CLUSTER AND UNVEILS NEW AI AND MIXED-REALITY INNOVATIONS

    Meta Platforms, Inc. (NASDAQ: META) has made a significant move in the AI landscape by partnering with Arista Networks to establish a $2 billion AI supercluster powered by NVIDIA GPUs. This strategic investment aligns with Meta's vision to harness the potential of AI across its platforms and...
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    META FINED €91 MILLION BY EU PRIVACY REGULATOR OVER UNPROTECTED PASSWORD STORAGE.

    Meta, the parent company of Facebook, has been fined €91 million ($101.5 million) by the European Union's lead privacy regulator, Ireland's Data Protection Commission (DPC), for improperly storing user passwords without encryption. This significant penalty comes after Meta acknowledged in 2019...
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    Meta's Stock Surges as Zuckerberg Sells AI Vision

    Meta Platforms Inc. has experienced a significant 13% rise in its stock this month, driven by CEO Mark Zuckerberg's compelling narrative around AI's role in boosting the company’s core digital advertising business. Despite reporting a substantial increase in capital expenditures, Meta's shares...
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    Meta Agrees to $1.4B Settlement with Texas in Privacy Lawsuit Over Facial Recognition

    Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission, officials said Tuesday. Texas Attorney General Ken Paxton said the settlement is the largest secured by a single state. In...
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