Meta has agreed to pay up to $18 billion to settle claims brought by nearly every US state alleging that Facebook and Instagram were deliberately designed to addict young users, according to court filings and public disclosures. The 10-year settlement includes mandatory teen safeguards such as overnight lockouts and daily usage caps, though Meta is … Read more
High-bandwidth memory market leader SK Hynix is investing $720 billion to construct the world’s largest network of memory factories in South Korea, driven by surging artificial intelligence demand that has pushed its market capitalization past $1 trillion, according to company disclosures and industry reports. Counterpoint Research data shows SK Hynix controlled 58% of the high-bandwidth … Read more
Microsoft and Meta delivered divergent earnings reports that prompted contrasting investor reactions, with Microsoft shares climbing 9% in premarket trading while Meta shares dropped 9%, according to financial market data. Microsoft Azure Growth and Copilot Adoption Drive Stock Gains Microsoft posted fiscal fourth-quarter revenue that surpassed analyst expectations, fueled by a 43% growth rate in … Read more
Meta CEO Mark Zuckerberg is weighing plans to launch a commercial cloud computing business to monetize massive artificial intelligence data center capacity, even as soaring infrastructure costs pressure the company’s financial forecasts, according to regulatory filings and earnings statements. Among the four major U.S. hyperscalers, Meta remains unique in lacking a dedicated cloud services division … Read more
Meta Platforms (META) shares rose more than 5% in midday trading Friday as the company unveiled plans to monetize its massive artificial intelligence infrastructure. CEO Mark Zuckerberg confirmed to Bloomberg that the tech giant is exploring ways to rent out its internal AI computing power to third-party developers. This pivot comes as Meta faces investor … Read more
Jesse Eisenberg has declined to reprise his role as Mark Zuckerberg in Aaron Sorkin’s upcoming film The Social Reckoning. Speaking to Variety at the Los Angeles premiere of Minions & Monsters, Eisenberg stated he is moving in different professional directions and no longer wishes to be associated with the character. Sorkin previously told Vanity Fair … Read more
Vodacom Group is spending approximately R7.7-million annually on personal security for CEO Shameel Joosub, according to the company’s FY2026 integrated report. This expenditure, previously undisclosed as a standalone line item, surfaced following a South African Revenue Service (Sars) ruling that classified such protection as a taxable fringe benefit, forcing the company to restate prior-year financial … Read more
Aaron Sorkin spent three days attempting to convince Jesse Eisenberg to reprise his role as Mark Zuckerberg in the upcoming film The Social Reckoning, according to a recent interview with Vanity Fair. Eisenberg declined the offer, stating he no longer wishes to be conflated with the Facebook founder. Jeremy Strong has since been cast in … Read more
The AI Capital Pivot: Trading Headcount for Compute The recent massive restructuring at Meta is not an isolated incident. it is a signal of a seismic shift in how Big Tech allocates its most precious resources. We are witnessing the era of the “Great Reallocation,” where capital is being aggressively diverted from human headcount toward … Read more
The Rise of the Digital Twin: When Your Boss is an Algorithm For decades, the corporate ladder was a physical reality. You had your manager, your director, and a series of vice presidents standing between you and the CEO. But a new trend is emerging in Silicon Valley that threatens to teleport the C-suite directly … Read more