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Wall Street Lunch: Meta Settles Minors' Addiction, Data Privacy Claims For $12.7B
Source: seekingalpha.com
InflationRegulation & LegislationCybersecurity & Data PrivacyCompany Fundamentals
Meta Platforms agreed to settle for $12.7B over allegations that its Facebook and Instagram were addictive and violated minors’ privacy. On the macro front, the core PCE Price Index rose 0.2% in July, in line with consensus and up from 0.1% in June. The combination implies modest headwinds for META from legal/privacy risk, while inflation data appears broadly neutral for rates in the near term.
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