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Meta shares slide as tech giant hikes AI spending forecast, warns of youth social media backlash

admin April 30, 2026 0 Comments

Meta Platforms raised its annual capital spending forecast on Wednesday, plowing billions more into artificial intelligence infrastructure even as it grapples with possible losses from a global youth social media backlash. The Facebook parent projects 2026 capital expenditure between $125 billion and $145 billion, compared with its prior forecast of $115 billion to $135 billion. Shares of […]

Meta must face youth addiction lawsuit by Massachusetts, court rules

admin April 12, 2026 0 Comments

Meta Platforms must face a lawsuit by Massachusetts’ attorney general alleging the company designed its Instagram social media platform to addict children, the state’s top court ruled on Friday. The ruling by the Massachusetts Supreme Judicial Court marked the first time a state high court has considered whether a federal law that generally shields internet companies from lawsuits over […]

Australia gambling reform delay sparks youth harm fears

admin March 24, 2026 0 Comments

Public health advocates are stepping up pressure on the federal government, saying a delay now stretching beyond 1,000 days has left young Australians increasingly vulnerable to gambling harm and relentless advertising. The Alliance for Gambling Reform is marking the milestone by urging immediate movement on recommendations from a 2023 parliamentary inquiry into online gambling, chaired […]