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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...
Meta Cuts 10% of Staff, Pivoting to AI
Meta Platforms (META) initiated a major corporate restructuring on May 20, 2026. The company is laying off approximately 10% of its global workforce. CEO Mark...
Meta cuts 8,000 jobs, pivoting to $145 billion AI expansion
Meta will cut approximately 8,000 jobs starting May 20. This reduction represents 10% of the company's workforce. Internal communications disclosed the...
Google, Blackstone launch $5B AI cloud venture to challenge Nvidia
Google and Blackstone have established a joint venture to develop artificial intelligence cloud services. Blackstone will invest $5 billion to build and...
Meta Cuts 8,000 Jobs in AI Pivot, Aiming to Rival OpenAI
Meta will lay off approximately 8,000 employees on May 20. This reduction represents 10% of the company's total workforce. The restructuring includes...
Meta Cuts 8,000 Jobs, Funding Massive Artificial Intelligence Expansion
Meta Platforms started laying off approximately 8,000 employees this week. The company is restructuring to increase efficiency and finance large-scale...
Meta to Cut 8,000 Jobs, Funding AI Expansion
Meta Platforms is cutting approximately 8,000 jobs. This reduction represents 10% of the company's total workforce. The layoffs are scheduled to begin this...
Google resets Android with Gemini Intelligence, debuting Googlebooks and XR glasses
Google announced its most significant strategic shift since the launch of Android. The company unveiled Gemini Intelligence ahead of the May 19 I/O developer...
Meta cuts 8,000 jobs, funding massive artificial intelligence expansion
Meta Platforms will lay off approximately 8,000 employees starting this week. This reduction represents about 10% of the company's total workforce. Management...
Meta slashes 8,000 jobs, launching 22,000-role reduction for AI shift
Meta prepares for a significant layoff round scheduled for May 20, 2026. This initial wave involves 8,000 job cuts. The company plans to eliminate 22,000 total...