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A billionaire turned a $2,000 retirement account into a tax-free fortune using a legal provision that sits inside millions of ordinary brokerage logins right now, and the IRS has confirmed it is allowed.
Meta Platforms (META) concluded the recent trading session at $627.17, signifying a -2.58% move from its prior day's close.
A day after Snap tentatively settled with the plaintiff in a social media addiction lawsuit, leaving Meta as the only remaining defendant, the case has been dropped. In a statement, Meta said the plaintiff chose to drop his case against Meta without receiving any payment.
A Florida teen suing social-media platforms over claims their design led to mental health issues dropped his lawsuit against Meta Platforms ahead of a trial slated to begin next week in Los Angeles.
R.K.C., who started using social media when he was about 8, said he became addicted to it, losing sleep and suffering from depression and anxiety, according to court filings.
Reddit is achieving higher year-over-year growth rates for its user base, revenue, and net income. Meta Platforms is developing more ways to generate revenue beyond advertising, which can provide greater resilience if online advertising growth slows down.
A Florida teen whose lawsuit claimed Meta's platforms were to blame for his depression and anxiety dropped his case against the company just days before the trial in Los Angeles was set to start, his attorneys said on Wednesday.
For Meta, the move was a reprieve after it and YouTube were found guilty in another case in March of negligence and personal injury for their platforms' addictive features.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.