Meta scores a win
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From fake posts to evolving policies and prevalent scams, Snopes has done numerous dives into the social media giant.
Facebook-owner Meta won a landmark lawsuit Tuesday when a federal judge ruled the company’s acquisitions of Instagram and WhatsApp don’t violate US antitrust law. The big win over the Trump administration comes at an interesting time for Meta Chairman Mark Zuckerberg, who has spent more than a year sidling up to the Republican president.
Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer expressed his thoughts on. An investing club member inquired if there are better stocks out there, and if they should come back to the stock later.
Meta, which has been struggling to keep up with its competitors in the AI race and just lost its Chief AI Scientist, is shedding another key official. The company’s chief revenue officer is leaving, apparently for greener pastures.
The ruling marks a significant setback for the FTC, which has recently scored major victories against Google in both search and digital advertising antitrust cases.
Dr. LeCun’s departure follows a shake-up in Meta’s artificial intelligence efforts, as Mark Zuckerberg pushes his company to keep up in the tech race.
Yann LeCun, a pioneer in artificial intelligence, has announced he will leave his role as Meta's chief AI scientist at the end of the year.
After years at Meta, Martin Ott learned from Mark Zuckerberg that working smarter beats working longer: “It is making sure that you’re not about 24/7 constant on, but being deliberate.”
Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp.