See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.85 |
| Change that session | -6.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Were you affected by Meta's record $25 billion privacy fine?
- New Mexico wins $25bn ruling against Meta in privacy lawsuit
A New Mexico judge ordered Meta to pay $25bn in penalties after a jury found the company misled consumers about the privacy of their personal data. The 2021 case followed revelations that Cambridge Analytica had collected information from as many as 87 million Facebook users through a third-party app without their knowledge. The judge said state law could support a penalty above $219bn but reduced it to $25bn, below the $35bn–$40bn the state had sought. Meta, which had argued for a cap of $3.45bn, said it is confident of prevailing on appeal. Separately, Meta reported third-quarter 2026 revenue of $64.6bn, up 26%, and net income of $9.86bn, up 264%, although a $9.89bn charge tied to a teen mental health settlement drove total costs up 68%.
- Meta Platforms (META) Hit With $25 Billion New Mexico Privacy Verdict
A New Mexico jury ordered Meta Platforms to pay US$25b over Facebook data privacy violations, relating to more than 43 million alleged violations tied to the Cambridge Analytica scandal and New Mexico residents. Meta plans to appeal and has criticized the ruling as effectively punishing the company for protected speech. Against Q3 2026 sales of US$64.6b and net income of US$9.9b, the penalty is large in absolute terms, though its cash impact will depend on payment timing and the outcome of the appeal. The article says the clearest early signal will be how Meta updates its legal accruals and cash flow guidance in upcoming quarterly reports.
- Meta ordered to pay $25 billion privacy penalty
- Meta ordered to pay record $25 billion for misleading users on privacy
- Meta Hit With $25 Billion Penalty In New Mexico Data Privacy Case
Related markets
Latest news
- Gold bar and gold ring prices this morning, October 24, at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai
International gold prices fell below $4,000 an ounce as inflation expectations weighed on the market. On the morning of October 24, SJC, PNJ, DOJI and Bảo Tín Mạnh Hải quoted gold bars at 139–142 million VND per lượng, with all six brands surveyed selling at 142 million, though buy-in prices differed by up to 1.6 million. DOJI had the highest sell price for 9999 gold rings at 141.5 million VND per lượng, while SJC was lowest at 139 million. The University of Michigan's October consumer sentiment index reached 48 points, above the 46.3 forecast but nearly unchanged from last month, as inflation expectations kept rising. The article notes this could lift demand for gold as a store of value, but if inflation stays high, the Fed may keep policy tight and pressure precious metals.
- Procter & Gamble's Earnings Show a Resilient Consumer Despite Price Hikes. Is the Dividend King Stock a Buy?
Procter & Gamble shares jumped 5.6% Thursday, their best day in more than six years, after a stronger-than-expected fiscal first quarter with 4% organic sales growth and $23.3 billion in revenue, above the $22.8 billion estimate. Core gross margin fell 150 basis points on higher commodity costs tied to oil prices, but core EPS of $2.00 beat the $1.89 consensus, and the company kept its full-year core EPS guidance at $6.89–$7.11. The article describes P&G as a defensive, Dividend King stock with 70 straight years of dividend increases and a 2.6% yield, but notes the shares have been mostly flat over five years. It says headwinds from commodity and oil costs are expected to increase over the rest of the year, so the upside potential appears moderate.
- Will Anthropic pull off a November IPO ? Time is running out to file key paperwork .
Anthropic, maker of the Claude chatbot, reportedly plans a mid-November IPO at a valuation of as much as $2 trillion, which would exceed SpaceX's $1.77 trillion debut earlier this year. Under SEC rules requiring a public prospectus at least 15 days before a roadshow, it would need to file by about late next week to keep that timetable, though a delay is possible. Analysts are divided: one portfolio manager said the company could stay private if inflation and high energy prices keep building, while another said the market needs a successful offering. A Wall Street Journal report on its draft prospectus cites up to $750 billion in planned AI compute spending and a first-half 2026 net loss above $80 billion, largely from accounting adjustments. Prediction markets show an 80% chance of an IPO by year-end.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability are among voters' top concerns. The order directs the FHFA director to launch a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value, and to expand cheaper alternatives to title insurance and reduce refinancing closing costs. The Departments of Veterans Affairs and Agriculture must cut interest rates on single-family home loans, and a multiagency task force will be created to lower building costs and raise the quality of manufactured homes eligible for federal programs. The move comes as the housing market slows and lending costs rise, with inflation climbing to 3.7% last month while wage gains have been largely flat this year. An NBC News Decision Desk poll found that 31% of U.S. adults named the economy as their top concern.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability are among voters' top concerns. The order directs the FHFA director to launch a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value, and to expand cheaper alternatives to title insurance and reduce refinancing closing costs. The Departments of Veterans Affairs and Agriculture must cut interest rates on single-family home loans, and a multiagency task force will be created to lower building costs and raise the quality of manufactured homes eligible for federal programs. The move comes as the housing market slows and lending costs rise, with inflation climbing to 3.7% last month while wage gains have been largely flat this year. An NBC News Decision Desk poll found that 31% of U.S. adults named the economy as their top concern.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, as inflation and affordability are among voters' top concerns. The order directs the FHFA director to launch a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value, and to expand cheaper alternatives to title insurance and reduce refinancing closing costs. The Departments of Veterans Affairs and Agriculture must cut interest rates on single-family home loans, and a multiagency task force will be created to lower building costs and raise the quality of manufactured homes eligible for federal programs. The move comes as the housing market slows and lending costs rise, with inflation climbing to 3.7% last month while wage gains have been largely flat this year. An NBC News Decision Desk poll found that 31% of U.S. adults named the economy as their top concern.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.