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AMD and META Deepen AI Relationship: A Closer Look
ZACKS· 2026-02-24 22:01
Key Takeaways AMD and META have deepened their relationship with a fresh deal. There's been a big performance disparity between the two over the past year. The deal further reinforces META's lofty spending plans on its AI mission. Another AI-related headline involving a Mag 7 member has hit the headlines once again. But is anybody really surprised?AMD and Meta Build Deeper RelationshipThis time, it’s Advanced Micro Devices (AMD) and Meta Platforms (META) in the news, with the companies agreeing to a definit ...
The IRS says Meta now owes nearly $16 billion in taxes
Yahoo Finance· 2026-02-24 20:09
For years, Big Tech’s offshore-tax fights have been argument-by-spreadsheet. What was a bundle of trademarks, licenses, and customer agreements “worth” when it got shipped to a low-tax address and blessed by a forecast? The IRS is now trying to replace the forecast with a report card — and Meta is the first company getting called to the principal’s office. The New York Times reports that the agency is opening “a new front” by “using real-world profit data to challenge how big companies value offshore inte ...
Meta Platforms Stock: Is META Underperforming the Communication Services Sector?
Yahoo Finance· 2026-02-24 19:14
Meta Platforms, Inc. (META), headquartered in Menlo Park, California, is best known for owning and operating some of the world’s most influential social media and communication platforms, including Facebook, Instagram, WhatsApp, Messenger and Threads. In addition to its flagship apps, Meta develops hardware and AI-driven products through divisions like Reality Labs, spanning VR headsets and smart glasses. Meta’s market cap stands at $1.6 trillion, ranking it among the largest technology companies globally. ...
Reddit vs. Snap: Which Social Media Ad Stock Has an Edge Now?
ZACKS· 2026-02-24 17:57
Key Takeaways Reddit's Q4 ad revenue jumped 75% as ARPU rose 42% and DAUs grew 19% year over year. RDDT's AI-powered Max campaigns drove up to 27% more conversions with lower costs. Snap's Q4 ad revenue rose 5%, but DAUs fell by 3 million quarter over quarter. Reddit (RDDT) and Snap (SNAP) are leading social media platforms that monetize user engagement through digital advertising. While RDDT is an emerging social media platform, gaining traction with community-driven advertising, Snap focuses on visual mes ...
Why Would Billionaire Paul Tudor Jones Ditch Meta Platforms Stock in Q4?
Yahoo Finance· 2026-02-24 17:41
Paul Tudor Jones doesn’t make headlines by accident, and his fourth-quarter exit from Meta Platforms (META) says a lot without spelling anything out. Jones walked away just as Big Tech’s AI spending race started to look more like a long, expensive build rather than a quick payoff. That’s the real “why” worth unpacking here as we ask what changes in the risk‑reward when the story is strong enough to make a macro legend tap out. Meta's latest results make Jones' decision even more interesting. The company ...
Billionaire Investor Stanley Druckenmiller Eliminated His Fund's Position in Meta Platforms and Piled into Another "Magnificent Seven" Stock That's Been Getting Crushed by the Broader Market
Yahoo Finance· 2026-02-24 16:39
There aren't many better investors, if any at all, than billionaire Stanley Druckenmiller. As a hedge fund manager, Druckenmiller averaged a 30% annual return for three decades and has supposedly never had a year in the red. Today, Druckenmiller manages much of his personal wealth through his family office, the Duquesne Family Office, which had close to $4.5 billion in assets at the end of 2025. During the fourth quarter of the year, Druckenmiller's fund eliminated its position in Meta Platforms (NASDAQ: ...
TikTok确认在泰投资2700亿泰铢 打造区域内容发展基地
Shang Wu Bu Wang Zhan· 2026-02-24 16:20
他指出,TikTok已于2021年在泰国设立分公司作为区域运营办公室,并获 得BOI在国际商业中心业务方面的投资促进资格;此外,2025年该公司还获批 开展数据托管业务,为主要位于新加坡的TikTok分公司提供服务器数据存储服 务,总投资额达1267.9亿泰铢。 (原标题:TikTok确认在泰投资2700亿泰铢 打造区域内容发展基地) TikTok方面确认,将在泰国实施长期投资计划,总额超过2700亿泰铢,并 就利用平台提升中小企业能力、拓展市场渠道、创造更多收入的路径进行了交 流,同时提出将泰国打造为包括内容开发在内的区域性业务与活动基地。 据泰媒报道,2月5日,泰国副总理兼财政部长艾尼提在率"泰国队"出席于 2026年1月19日-22日在瑞士达沃斯举行的世界经济论坛2026年年会后表示,其 与泰国投资促进委员会(BOI)秘书长纳立同TikTok公共政策主管查尼达举行 了会谈,跟进了TikTok在泰国的业务进展,重点讨论了数字基础设施投资规 划,以及平台在支持数字经济与泰国企业发展方面的延伸作用。 ...
Meta plans stablecoin comeback in H2 2026
Finbold· 2026-02-24 15:43
Meta Platforms (NASDAQ: META) is reportedly preparing to re-enter the stablecoin market in the second half of the year.Sources familiar with the matter claim the company has circulated a request for product (RFP) to third-party firms to help administer stablecoin-based payments, according to a report published by CoinDesk on February 24.The renewed interest in stablecoins follows a failed attempt to launch one with Libra in 2019, which faced significant regulatory resistance amid political scrutiny. Convers ...
Reddit fined more than £14m over children's privacy failures
Sky News· 2026-02-24 11:53
Core Viewpoint - Reddit has been fined over £14 million by the Information Commissioner's Office for failing to protect children's data, particularly by not verifying the age of users and unlawfully processing personal information of children under 13 [1][2][3]. Group 1: Regulatory Findings - The investigation revealed that Reddit did not implement any robust age assurance mechanisms, lacking a lawful basis for processing personal information of children under 13 [1][2]. - Reddit failed to conduct a data protection impact assessment (DPIA) to evaluate and mitigate risks to children before January 2025 [2]. Group 2: Statements from Authorities - John Edwards, the UK Information Commissioner, expressed concern over Reddit's failure to fulfill its legal duty to protect the personal information of UK children [2]. - The ICO emphasized that children under 13 had their personal information collected and used in ways they could not understand or control, exposing them to inappropriate content [3]. Group 3: Industry Implications - The ICO highlighted that companies providing online services accessible to children have a responsibility to ensure effective age assurance measures are in place to protect children from risks associated with data usage [4]. - The reliance on users to self-declare their age is deemed insufficient, prompting a call for the industry to reflect on practices and make necessary improvements [5].
UK privacy watchdog fines Reddit $20 million over children's data failures
Reuters· 2026-02-24 11:44
UK privacy watchdog fines Reddit $20 million over children's data failures | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Reddit's logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid [Purchase Licensing Rights, opens new tab]- Companies[Reddit Inc]FollowLONDON, Feb 24 - Britain's privacy watchdog on Tuesday said it had fined social media platform Reddit 14.47 mi ...