META Jan 2025 270.000 put
- Reuters
Meta says it may block news from Facebook in Australia
Facebook owner Meta is considering blocking news content from the platform in Australia if the government makes it pay licensing fees, a company representative told a parliamentary hearing on Friday. Meta's regional policy director Mia Garlick told lawmakers "all options are on the table" when asked if the company would block Australians from sharing news content to avoid paying fees. "There's a large number of channels that people can get news content from," Garlick told the inquiry.
- Reuters
Meta must face lawsuit claiming it prefers foreign workers over US citizens
(Reuters) -A U.S. appeals court on Thursday revived a software engineer's proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs to foreign workers who are paid lower wages. The San Francisco-based 9th U.S. Circuit Court of Appeals in a 2-1 ruling said that a Civil War-era law barring discrimination in contracts based on "alienage" extends to bias against U.S. citizens. The decision reverses a California federal judge's dismissal of a lawsuit by Purushothaman Rajaram, a naturalized U.S. citizen who says Meta passes over American workers for jobs in favor of cheaper visa recipients.
- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Slides; Meta Is Breaking Out Today
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the end of the second quarter of 2024 showed a big divergence of returns.
