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Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children
Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children
Meta Platforms has reached a $16.7 billion settlement to resolve a landmark claim brought by several states that the company designed Instagram and Facebook to addict children, improperly collected children's personal data, and misled consumers about their safety.
The deal was in a Wednesday court filing in California after a lawsuit was brought by 29 states - with attorneys for Colorado, California, New Jersey and Kentucky - leading the group. The states argued that features like infinite scroll were purposely engineered...
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Aug 12, 2026 / Tyler Durden
Earnings Drive Both Bull & Bear Markets
Earnings Drive Both Bull & Bear Markets
Authored by Lance Roberts via RealInvestmentAdvice.com,
“Earnings drive market outcomes. In 151 years, every single 20% market decline was accompanied by a double-digit earnings decline, with zero exceptions.”
Every few months, a new reason to sell arrives. Capital spending is too high. The deficit is unsustainable. Oil just broke out. The conclusion attached to each is always the same: investors are about to lose half their money. I’ve watched that warning recycle for three decades, and it’s a smoke detector that goes off every time somebody makes...
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Jun 8, 2026 / Tyler Durden
Interim Air Force One Jet Gets Patriotic Paint Scheme Ahead Of America's 250th Party
Interim Air Force One Jet Gets Patriotic Paint Scheme Ahead Of America's 250th Party
One month after the U.S. Air Force confirmed that the Boeing 747 donated by Qatar, designated as the VC-25B Bridge and widely described as President Trump's interim Air Force One aircraft, had entered flight testing in Texas and was being prepared for a new red, white, and blue color scheme, an OSINT account on X claims the aircraft has now been painted.
"Ladies and gentlemen… your United States Air Force's new VC-25B," X user TGhormley Photography...
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Jul 1, 2026 / Dave DeCamp
Israeli Strike in Northern Gaza Kills Three Palestinians
An Israeli strike in northern Gaza on Wednesday killed at least three Palestinians, the Palestinian news agency WAFA reported, as the IDF continues its constant violations of the US-backed ceasefire deal. According to Al Jazeera, the strike hit near al-Hilu station, which houses a private specialist hospital and a fuel station in Gaza City. WAFA […]
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