Core Insights - Meta Platforms reported strong Q1 2025 earnings, with revenue of $42.31 billion, a 16% increase from Q1 2024, exceeding analyst expectations [2] - The company experienced a decline in earnings compared to Q4 2024, but daily active users across its "Family of Apps" reached approximately 3.4 billion [3] - Meta's capital expenditures for 2025 are projected to be between $64 billion and $72 billion, driven by investments in AI and data centers [4] Financial Performance - Q1 2025 earnings per share were $6.43, surpassing the estimate of $5.25, while revenue was $42.31 billion against an estimate of $41.38 billion [7] - Operating margin for Q1 2025 was reported at 41.5%, exceeding the expected 37.5% [7] - In Q4 2024, Meta reported revenue of $48.39 billion, beating the consensus estimate of $46.98 billion [5] AI and Strategic Focus - AI was a central theme during the earnings call, with "Meta AI" mentioned 34 times, highlighting the company's commitment to AI as a long-term investment [4] - Zuckerberg emphasized the importance of domestic AI standards in response to competition from companies like DeepSeek [6][20] - The company is shifting focus from the Metaverse to AI-based large language models, with its open-sourced AI offering, Llama, gaining traction [19] User Engagement and Advertising - Meta's average price per ad increased by 11% year over year, although user growth fell short of expectations, with daily active users growing 5% to 3.29 billion [9] - Despite a dip in shares post-earnings call, the company remains optimistic about its AI investment strategy and its potential impact on future growth [10] Legal and Regulatory Environment - An ongoing antitrust lawsuit poses a risk to Meta, alleging illegal acquisitions of Instagram and WhatsApp to maintain a monopoly [20] - The outcome of the trial, which concluded in May 2025, remains uncertain and could significantly impact the company's structure [21]

Core Viewpoint - A class action lawsuit has been filed against Reddit, Inc. for misleading statements and failure to disclose critical information affecting its securities during the specified Class Period from October 29, 2024, to May 20, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Reddit's management made false statements regarding user engagement and advertising revenues, particularly in relation to changes in Google Search's algorithm that negatively impacted traffic to Reddit [5]. - Specific allegations include that the defendants were aware that users were finding answers directly through Google Search, leading to a decline in traffic to Reddit, which was not disclosed to investors [5]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the misleading outlook provided by Reddit's management [5]. Group 2: Participation Information - Investors who purchased Reddit securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the Rosen Law Firm for more information [3][6]. - A lead plaintiff must be appointed by August 12, 2025, to represent the interests of the class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in terms of the number of securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [4].

Acquisition Details - Snap, Inc. has confirmed the acquisition of Saturn, a calendar app aimed at helping students organize and share their school schedules [1] - The terms of the acquisition were not disclosed, and Saturn will continue to operate as an independent app [1] - Nearly all of Saturn's team, consisting of just under 30 full-time employees, will join Snap as part of the deal [2] Future Plans - Snap has not provided specific details on future plans for Saturn, but intends to integrate Saturn's calendar features into Snapchat in innovative ways [2] Saturn's Features and Popularity - Launched in 2018, Saturn allows high school and college students to connect with classmates and view each other's class schedules, eliminating the need to exchange timetable photos [3] - The app enables users to share class schedules, practice plans, rehearsals, meetings, and games, providing a real-time view of friends' activities [4] - Saturn is widely used, with support in 80% of U.S. high schools, attributed to its engaging and interactive scheduling approach [4] Snap's Broader Initiatives - Snap plans to launch lightweight, immersive AR glasses called Specs in 2026, which will utilize advanced machine learning for various applications [5] - Currently, Snapchat users interact with AR Lenses 8 billion times daily, with over 400,000 developers creating more than 4 million Lenses using Snap's AR tools [5]

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Reddit, Inc. (“Reddit” or “the Company”) (NYSE: RDDT) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Reddit securities ...

Core Viewpoint - A lawsuit has been filed against Reddit, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about user growth impacted by Google's AI technology [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, titled Tamraz, Jr. v. Reddit, Inc., et al., No. 25-cv-05144 [2]. - Investors have until August 18, 2025, to request to lead the case [2]. Group 2: Allegations Against Reddit - The complaint alleges that Reddit downplayed the negative impact of Google's AI on its user growth, which has been significant as users can find answers directly through Google without visiting Reddit [3][4]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Reddit securities [2]. Group 3: Stock Performance - On May 1, 2025, Reddit reported a slowdown in daily active user growth, leading to a stock price decline of $4.96, or over 4%, from $118.79 to $113.83 per share [5]. - Following an analyst downgrade on May 21, 2025, due to concerns over Google's AI capabilities, Reddit's stock fell by $9.79, or over 9%, from $105.64 to $95.85 per share [6].

Group 1 - The CEO of X, Linda Yaccarino, announced that users will soon be able to invest and trade on the platform, managing their entire financial lives [1][3] - X is exploring the launch of credit or debit cards, potentially debuting within the year, as part of Musk's vision to create a super app that integrates communication, payments, and shopping [3] - Earlier this year, X announced the introduction of a digital wallet and peer-to-peer payment service called "X Money," with Visa as its first partner, expected to launch later this year in the U.S. before expanding to other regions [3] Group 2 - The expansion into financial services will bring regulatory challenges, including licensing and anti-money laundering compliance [3] - Following Musk's $44 billion acquisition, X has faced advertising challenges, with many advertisers leaving due to content moderation issues, although 96% of pre-acquisition advertisers have returned [3] - eMarketer predicts X's revenue will increase to $2.3 billion this year, up from $1.9 billion last year, but still significantly lower than the $4.1 billion revenue during Musk's takeover [3] - Yaccarino mentioned that after being acquired by Musk's xAI for $45 billion, X will enhance its AI capabilities to improve ad targeting and user experience [3]

Shares of Reddit (RDDT 5.57%) were moving higher this week after the company launched two new AI-powered advertising tools and benefited from some positive analyst commentary on the stock.According to data from S&P Global Market Intelligence, the stock was up 19.4% for the week as of Wednesday's close. Reddit gets a tailwindAt the Cannes Lions festival, Reddit announced Reddit Community Intelligence, a new tool that can power insights for advertisers from more than 22 million posts on Reddit.As part of the ...

Core Viewpoint - Kuaishou Technology's 2024 Corporate Social Responsibility Report emphasizes the integration of technology and public welfare, showcasing its achievements in enhancing quality of life, stimulating industrial vitality, and promoting sustainable development through innovative practices and AI technology [1][2]. Group 1: Technology and Economic Development - Kuaishou leverages its advantages in traffic, products, and technology to support rural revitalization, conducting 846,000 agricultural technology training sessions in 2024 and launching initiatives like the "Three Agriculture" and "Village Red" plans to provide sustainable development opportunities for rural entrepreneurs [2]. - The platform's "Xingnong Plan" aims to connect agricultural product supply chains with consumer markets, investing significant resources to support quality agricultural merchants and enhance sales channels for agricultural products [2]. - In 2024, Kuaishou's rural users generated 2.8 billion annual orders, with an average of 948,000 agricultural packages sent daily, fostering a new e-commerce economy in rural areas [2]. Group 2: AI and Content Creation - Kuaishou is enhancing user experience in content creation by upgrading its creator support mechanisms, introducing programs like "Liaoyuan Plan," "Fast Growth Plan," and "Photosynthesis Plan" to assist creators at various stages [3]. - The company reported a nearly 200% year-on-year growth in GMV for its local life business and over 160% increase in order volume, indicating a significant boost in consumer activity and potential [3]. Group 3: Social Responsibility and Education - Kuaishou's "Qizhi Future Classroom" project focuses on improving digital literacy among rural youth by providing access to cutting-edge technology through initiatives like digital classroom donations and AI classes [4][5]. - By the end of 2024, Kuaishou's philanthropic efforts have supported over 500 schools, benefiting 700,000 children and teenagers, and updated hardware in 19 rural schools [5]. - The company has launched a new media vocational skills training project, "Happiness Lecture Hall," aimed at rural streamers, women, youth entrepreneurs, and disabled individuals, training over 1 million participants by March 2025 [6]. Group 4: Cultural Heritage and Community Building - Kuaishou promotes intangible cultural heritage through short video live streaming, enabling the transmission of traditional skills and creating digital representations of cultural practices [6]. - The company has over 11 million creators focused on intangible cultural heritage, with 95 million users showing deep interest in these cultural practices, enhancing visibility and innovation in this area [6]. - Kuaishou's co-founder emphasizes that AI serves not only as a tool for efficiency but also as a new engine for creating social value, integrating advanced technologies with core business operations to explore new pathways for social and commercial value [6].

NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Reddit, Inc. (“Reddit” or the “Company”) (NYSE: RDDT) securities between October 29, 2024 and May 20, 2025, both dates inclusive (the “Class Period”). The Complaint alleges that defendants failed to disclose: (i) changes in Googl ...

Meta Platforms (NASDAQ: META) is scheduled to distribute its quarterly dividend on June 26. The social media stock has demonstrated strong performance throughout 2025, driven by investor optimism around Meta’s bold push into artificial intelligence infrastructure and its expansion into new advertising channels.META closed Wednesday’s session at $695.77, representing a 16% gain year-to-date and a 0.46% increase over the past week. The performance positions Meta among the top performers in the technology sect ...