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The Department of Justice announced that it has entered into a settlement with Meta Platforms Inc., formerly known as Facebook Inc., to resolve allegations that Meta engaged in discriminatory advertising in violation of the Fair Housing Act (FHA). The proposed agreement was filed in a New York federal district court simultaneously with a complaint alleging […]
Last week, Meta Platforms Inc. presented the court with a dispute over the plaintiffs’ proposed notice plan to be presented to potential class members who purchased advertising space on Facebook and Instagram. The opposition argued that the current language is one-sided, does not present class members with neutral information, and must be modified. The 2018 […]
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Meta Faces Another Tough Quarter. One Analyst Sees More Trouble Ahead.
ABC Audio All Rights Reserved
April 14, 2022
Text size Evercore ISI’s Mark Mahaney set a short-term Underperform rating on Meta shares. NOAH BERGER / AFP / Getty Images There is growing consensus on the Street that Facebook parent Meta Platforms is headed for yet another rough quarter. Meta shares (ticker: FB) have fallen by about a third since the fourth-quarter earnings report, […]