The social media giant will pay out up to $18 billion and impose new screen time limits for teens to settle claims from 48 states that its platforms are harmful. Part of the payout is contingent on rivals like TikTok and YouTube following suit.
The tape The Journal. · Aug 27
“The settlement includes an $18 billion payout to 48 states, as well as a slate of changes to the way that young people can use Meta's platforms.”
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Bloomberg Surveillance · Geopolitical Risks and Market UncertaintySep 8
Tech giants are issuing massive amounts of debt to fund trillions in AI-related capital expenditures, transforming their balance sheets from cash-rich to cash-burning in a high-stakes bet on future returns.
Bloomberg Surveillance · Rate and Market UncertaintySep 9
With inflation data as the deciding factor, Fed watchers are split on the next move. Some see a hike as necessary for credibility, while others call it 'incredibly stupid' in the face of declining inflation metrics.
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