SAN FRANCISCO, United States — A U.S. appeals court has cleared the way for thousands of lawsuits against major social media companies to continue, rejecting an early appeal by Meta and TikTok over claims that their platforms were deliberately designed to be addictive to young users. The ruling by the 9th U.S. Circuit Court of Appeals means the federal litigation involving more than 3,000 cases can proceed.
टैग: Meta Platforms
Microsoft Shares Jump 8% as AI Growth Boosts Azure and Copilot, Meta Falls 9%
New York: Microsoft shares surged around 8% in premarket trading, while Meta Platforms shares dropped about 8.5% as investors reacted differently to the latest results from two of Big Tech’s major artificial intelligence players. Microsoft’s growth in its Azure cloud and Copilot businesses signalled that its heavy AI investment is beginning to generate stronger returns, while Meta’s revenue guidance fell short of market expectations.