Meta Platforms Stock News

The Texas attorney general filed a lawsuit against Meta Platforms Inc (NASDAQ: FB ) for its longstanding and discontinued use of facial-recognition technology that violated that states privacy protections for personal biometric data, the Wall Street Journal reports . The suit also alleged Facebook has obtained patents for systems where consumers wandering in stores or standing at checkout counters have their faces scanned and matched with their social-networking profiles. The Full story available on Benzinga.com

Analysts are upbeat toward S&P 500 stocks for 2022, though some of the optimism has moderated following a volatile start to the year. Between talk of higher interest rates on the way to the wind-down of the "stay-at-home trade" that drove returns in 2021, investors have repositioned themselves for what could turn out to be a very different year on Wall Street. SEE MORE 22 Best Retirement Stocks for an Income-Rich 2022 There have also been a number of significant disruptions to companies in the wake of earnings including a meltdown in high-profile stocks such as Facebook parent Meta ( FB ) and streaming giant Netflix ( NFLX ). As a result, Goldman Sachs strategists recently lowered their year-end 2022 price target on the S&P 500 to 4,900 from 5,100. Still, they "continue to see upside to U.S. equities as prices rise alongside earnings." And for every challenge for investors, there is also an opportunity. As we get rolling into the rest of 2022, it''s worth looking at the stocks that the analyst community is most bullish on right now.

Meta Platforms, Facebook''s parent company, is being sued by the Texas attorney general over its facial recognition program.

© Reuters. FILE PHOTO: 3D-printed images of logos of Facebook parent Meta Platforms and of Facebook are seen on a laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) -The Texas attorney generals office sued Metas Facebook (NASDAQ:) on Monday, alleging that the social media giant violated state privacy

The state attorney general said Texans were oblivious to the fact that Facebook captured biometric information from photos and videos they uploaded to the social media platform.

Texas attorney general Ken Paxton has taken yet another swing at Big Tech, this time suing Meta for allegedly capturing and using facial recognition data on millions of users without their consent. In the suit , Paxton claims Meta’s unauthorized use of the tech—which the company claims it has now largely… Read more…

After great earnings and a 12% dip, Alphabet stock is a FAANG holding to buy.

Perhaps no stock signals the change in market tone more than Meta Platforms, which plunged after its earnings and is still struggling to move off its lows.

News, analysis and comment from the Financial Times, the worlds leading global business publication

The state of Texas sued Facebook and Instagram parent company Meta for hundreds of billions of dollars on Monday, claiming the social giant invaded the privacy of Texans by using facial recognition technology without getting consent.

Facebook shut down its facial recognition system last year, citing societal concerns and regulatory uncertainty.

The state of Texas is suing Meta Platforms (FB -0.2%) seeking hundreds of billions of dollars, saying that Facebook''s use of facial recognition violated state privacy protections

State says the social-media giant violated privacy protections in lawsuit, seeking civil penalties that a person familiar with the matter says range in the hundreds of billions of dollars.

State says the social-media giant violated privacy protections in lawsuit, seeking civil penalties that a person familiar with the matter says range in the hundreds of billions of dollars.

The Qraft AI-Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM ) an exchange-traded fund driven by artificial intelligence has acquired new stakes in Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) and Meta Platforms Inc. (NASDAQ: FB ), while entirely divesting its holdings in Tesla Inc. (NASDAQ: TSLA ), Adobe Inc. (NASDAQ: ADBE ) and Shopify Inc. (NYSE: SHOP ). What Happened: The ETFs latest portfolio after rebalancing in early February showed it has also entirely divested its holdings in Salesforce.com Inc. (NYSE: CRM ) and Qualcomm Inc. (NASDAQ: QCOM ). The fund, which has assets under management Full story available on Benzinga.com