Meta to Cut 10 Percent of Work Force

https://fed.brid.gy/r/https://www.nytimes.com/2026/04/23/technology/meta-layoffs.html

Bloomberg Technology | Meta and Google Found Liable; Corebridge and Equitable Merge; Pony AI Swings to Profit

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion.

- Meta Platforms Inc. and Alphabet Inc.’s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims.

- Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. (Source: Bloomberg)

Read more: https://www.bloomberg.com/news/videos/2026-03-26/stock-movers-google-equitable-pony-ai-video

#metaplatformsinc #alphabetinc #corebridgefinancial #equitableholdings #ponyaiinc

Is Big Tech Facing a Big Tobacco Moment?

https://fed.brid.gy/r/https://www.nytimes.com/2026/03/26/business/dealbook/meta-youtube-social-media-tobacco.html

Juries Take the Lead in the Push for Child Online Safety

https://fed.brid.gy/r/https://www.nytimes.com/2026/03/26/technology/social-media-verdicts-child-safety.html

A Landmark Verdict on the Danger of Social Media, and Trump’s Call to Punish ‘Rogue Judges’

https://web.brid.gy/r/https://www.nytimes.com/2026/03/26/podcasts/the-headlines/meta-youtube-social-media-verdict.html

Bloomberg Technology | Meta, Google Risk Big Tobacco-Like Fallout After Addiction Trial by Kurt Wagner, Alexandra S Levine

A landmark jury verdict holding Meta Platforms Inc. and Alphabet Inc.’s Google liable for harming a young user with products designed to be addictive threatens to put the social networking companies in the same category as Big Tobacco and opioid makers — a potential crack in their shield from legal responsibility for what happens on their platforms.

Read more: https://www.bloomberg.com/news/articles/2026-03-26/meta-google-risk-big-tobacco-like-fallout-after-addiction-trial

#bigtobacco #metaplatformsinc #alphabetinc #jury #socialnetworking

Meta and YouTube Found Negligent in Landmark Social Media Addiction Trial

https://fed.brid.gy/r/https://www.nytimes.com/2026/03/25/technology/social-media-trial-verdict.html

For OpenAI and Anthropic, the Competition Is Deeply Personal

https://fed.brid.gy/r/https://www.nytimes.com/2026/03/07/technology/openai-anthropic-pentagon-rivalry.html