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META Jun 2024 500.000 call
- Yahoo Finance Video
Hidden gems in tech that investors need to know: Opening Bid
While tech giants such as Apple (AAPL), Microsoft (MSFT), Alphabet's Google (GOOG, GOOGL), Meta (META), Amazon (AMZN) and Nvidia (NVDA) dominate markets, a new group of innovative tech companies is emerging, set to capitalize on the AI trade. This episode explores the untapped potential of lesser-known firms such as Hubspot (HUBS) and Micron (MU) that can stand with the likes of the tech sector's biggest contenders. Today on Opening Bid, Yahoo Finance Executive Editor Brian Sozzi sat down with Goldman Sachs Asset Management portfolio manager Brook Dane to discuss identifying high-potential tech investments amid market hype, strategies for navigating the tech sector during an election year, while evaluating which up-and-coming names are best positioned to thrive in the AI-driven future. This post was written by Angel Smith
- 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.
