META Rides on Ad Growth: Can It Stay Ahead of RDDT and SNAP?

Coinbase launched tokenized stocks on Base, offering Nvidia, Meta, Apple, and Google. These tokens, backed 1:1 by shares, operate 24/7 on the B20 standard. Coinbase aims to compete in the $3B tokenized equities market, led by Ondo Finance, Kraken, and Binance. The company plans to leverage its ecosystem to drive adoption and volume.

Meta faces a lawsuit from 29 US states, accusing it of designing Facebook and Instagram to addict teenagers, citing internal surveys and whistleblower testimony. The lawsuit seeks billions in penalties and potential design changes. Dell's Alienware 16 Area-51 laptop, featuring an RTX 5080 GPU, is reviewed for its performance and trade-offs. Anthropic introduces invisible AI watermarks to detect machine-written text.

29 US state attorneys general sued Meta, alleging its products are designed to addict children and harm their wellbeing. The lawsuit, which began last week, seeks a $200 billion penalty and could force Meta to change its products. Internal Meta documents and testimonies, including from a former engineering director, support the claims. Meta denies the allegations and cites its safety tools. The case may impact Meta's reputation and the wider tech industry, with potential implications for EU and

Meta Platforms (Facebook) CEO Mark Zuckerberg announced layoffs of 11,000 employees, citing increased competition and ad signal loss. The company faces challenges from TikTok and Apple's privacy changes, which have impacted ad revenue and stock performance. Meta's stock has fallen 70% this year, and profits halved year-over-year.

Walmart (WMT) reported earnings of $187.9B, beating estimates. Alibaba (BABA) reported $39.64B revenue, up 9% YoY, but missed earnings estimates. Amazon (AMZN) plans to expand Prime Air to 500 U.S. locations. PayPal (PYPL) is in talks for a potential buyout. NetEase (NTES) reported mixed Q2 results. Futu (FUTU) beat revenue estimates. Nokia (NOK) plans to cut most of its China workforce. Meta (META), Google (GOOG), and Snap (SNAP) won a legal reprieve. NVIDIA (NVDA) explores partnership with Reb

Meta Platforms is facing a lawsuit from 29 US states over allegations that Facebook and Instagram were designed to maximize youth engagement without adequate safety protections. The trial, which could last seven weeks, seeks damages up to $1.4 trillion and platform design changes. Meta denies the claims, citing investments in youth safety. The case may impact how tech companies design products and collect minor data.