Meta Agrees to $12–17 Billion Settlement Over Claims Its Platforms Harmed Young Users
Meta’s $12–17B settlement imposes strict teen rules (2-hour limits, night blocks) while covering massive legal costs across 47 states.
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Snap Beats Expectations as World Cup Ads and Subscriptions Drive Growth
Snapchat parent posts $1.60B revenue, beats forecasts. Shares jump as ads and Other Revenue surge 85%.
Snap’s SPECS AR Glasses: Game-Changer or Expensive Gamble?
Snap launched $2,195 AR Specs glasses mixing real world with digital layers; analysts mixed, stock fell on high price concern.
Meta Quietly Drops Forum App to Challenge Reddit
Meta has quietly released Forum, a Reddit-like app for Facebook Groups. Reddit's stock dropped on fears of new competition from the social media giant.
Snapchat Stock Crashes After Meta Launches “Instants”
Snap shares fell after Meta rolled out Instants — disappearing photos you can’t edit or screenshot. The new Instagram feature (and standalone app) looks a lot like Snapchat.
Snap Q1 2026 Earnings: User Growth Holds as Geopolitical Headwinds and Perplexity Exit Cloud Outlook
Snap reported $1.53B in Q1 revenue with an increase in users, but ad sales were hit by the Iran conflict, and the company ended its AI partnership. It is now cutting costs.