Meta Platforms Stock News

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NEW YORK , Nov. 15, 2021 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion no later than December 27, 2021 in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Facebook, Inc. ("Facebook" or the "Company") (NASDAQ: FB ) from November 3, 2016 through October 4, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Act of 1934. If you purchased Facebook securities, and/or would like to discuss your legal rights and options please visit Facebook Inc. Shareholder Class Action Lawsuit or contact Joe Seidman toll free at (877) 779-1414 or [email protected] . According to the complaint, Facebook was materially false and misleading and omitted to state: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts represented a greater portion of its …

The fear that the ?metaverse? ? an immersive, virtual, augmented world being developed by the company formerly known as Facebook ? could change reality for the worse misses the fact that much of life is already mediated digitally. The idea that reality in the future will be a world of VR and AR does appear to be far-fetched, more dystopian science fiction than reality. But, at the same time, Meta

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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