Meta Platforms News - August 26, 2026
🟢 Meta is trading 3.24% up today after agreeing to pay up to $16.68 billion
Meta is trading 3.24% up at $588.50 after agreeing to pay up to $16.68 billion to settle claims brought by 29 U.S. states. - The settlement includes daily...
Meta to Pay $16.68B, Settling Claims It Addicted Children to Apps
Meta Platforms reached a settlement with 29 U.S. states to resolve allegations regarding child safety on Facebook and Instagram. The company will pay a maximum...
Meta Shares Climb 5% After $16.7 Billion Settlement Over Child Safety Claims
Meta Platforms shares climbed by more than 5% after the company reached a massive legal agreement. The social media giant will pay up to $16.7 billion to...
Meta scrapped 60% team cuts, citing employee revolt and ineffective AI
Meta explored cutting specific teams by up to 60% to transition into an AI-native workforce. CEO Mark Zuckerberg spearheaded the plan to deeply integrate AI...
Wedgewood Partners Boosts Meta Platforms (META) Stake by 16%
Investment firm Wedgewood Partners, led by David Rolfe, increased its position in Meta Platforms (META) by 16.21% during the second quarter of 2026. According...
Altimeter Capital Reduces META Stake by 31% After Major Run
Brad Gerstner's Altimeter Capital significantly reduced its stake in Meta Platforms (META) during the second quarter of 2026, selling 600,000 shares. The sale...