Meta Platforms, Inc. Stock News

B.E. Technology, a company owned by Martin David Hoyle, developer of internet advertising technology who has been embroiled in litigation with big tech companies like Facebook, Twitter and Google for close to a decade now, today filed a petition for writ of mandamus with the U.S. Court of Appeals for the Federal Circuit (CAFC). The petition asks the court to intervene to “prevent an unconstitutional deprivation of B.E.’s property rights in the onslaught of IPR proceedings that have been brought…

Removing high-profile COVID conspiracy theorists from Facebook has had only limited impact upon the spread of misleading information, research from Cardiff University has found.

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Ohio Attorney General Dave Yost has initiated a lawsuit seeking class-action status against Facebook''s parent company Meta, alleging its actions cost the Ohio Public Employees Retirement System $1…

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Michael Burry Nukes His Portfolio, Exits All Bearish Positions Up until now, "the big short" Michael Burry was best known for periodically and inexplicably nuking his twitter account before promptly restoring it. Now, we can also his investment portfolio to the list of things the famous subprime shorter tends to nuke every now and then. As a reminder, two quarters ago Burry''s 13F caused a stir across trading desks when the "Big Short" revealed a major Tesla put, which with nominal value of $534 million and representing just over 800K underlying shares, was Burry''s largest position in Q1. Also notable was Burry''s aggressive positioning for a surge in inflation (as a reminder, it was Burry back in February warned that Weimar hyperinflation is coming), which as of March 31 he traded as follows: PUT on the TLT 20+ Year TSY bond ETF, equivalent to some 1.266MM shares or $171.5 million CALL on the TBT 20+ Year Treasury Ultrashort ETF, equivalent to 2.536MM shares or $55.1 million CALL on the TTT 20+ Year Treasury Ultrashort ETF, equivalent to 100K shares or $4.6 million CALL on the 3x levered TMV 20Y Treasury Bear ETF, equivalent to 38,400 shares or $3.1 million Outright long in the TBT 20Y Treasury Ultrashort ETF, amounting to 300,000 shares or $6.5 Million.

The attorney general''s lawsuit alleges that Meta cost investors and Ohio''s largest pension fund $100 billion since its bad practices first surfaced.

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