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
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/29/2026 | 624.54 |
| Change that session | +1.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Market Chatter: Meta, TikTok, X Lose Challenge Against UK Regulator Over Safety Data Requests
- Social media titans must hand moderation data over to Ofcom after failed High Court bid
TikTok, X and Meta lost their High Court challenge against Ofcom and must hand over data on how they moderate harmful content, including material children see. The ruling was the first test of Ofcom's power to demand information under the Online Safety Act 2023, and the court refused to quash the information notices. The required data covers user activity by age group, the volume and outcomes of moderated content and appeals, and user reports from the UK. The companies had argued the requests were unlawful and would cost 'millions of pounds,' but the judges said they had not sufficiently explained why the notices would be onerous. Ofcom said the data is needed to review codes of practice and assess the scale of risk to users.
- Meta’s AI raid triggers monopoly abuse investigation
The UK’s Competition and Markets Authority (CMA) will investigate whether Meta is abusing its dominant position by imposing “exploitative” terms on publishers and advertisers. The new terms would let Meta deploy bots to scrape any website linked to a business account on Facebook, Instagram, Messenger or WhatsApp, and businesses that refuse must stop using the platforms for commercial purposes. Meta originally planned to introduce the rules on Friday, delayed them until Nov 20, and has now paused the rollout pending consultation with industry groups. The CMA is concerned the terms could be an “unlawful imposition of unfair trading conditions” affecting thousands of UK businesses, and it can block them and impose fines if competition law is broken. The News Media Association urged ministers to back the regulator, noting that local publishers would be hit hardest because up to a third of their audience comes from Facebook.
- Update: Meta Challenges UK Media Regulator Over Online Safety Fee, Fine Calculations
- Meta promises to consult publishers before confirming new terms of service after widespread backlash
Meta has pledged to consult news industry groups before finalizing new commercial terms of service, after publishers raised concerns that their content could be used to train its AI models. The original terms, announced in mid-October, allowed Meta to use tools such as web crawlers to scrape content from sites linked to business users; after the backlash, Meta removed that language, pushed the effective date from the end of October to Nov. 20, and said consultations could delay it again. News Media Canada and the World Association of News Publishers, which represents 20,000 outlets in 120 countries, are calling for terms that let publishers refuse permission without penalties affecting access or distribution. EU and UK regulators have received complaints, and an Oslo court temporarily barred Meta from enforcing the new terms in Norway after a coalition of Norwegian news outlets sued.
- Peter Nowak: Meta just showed us what can happen when a dominant platform can dictate terms
Columnist Peter Nowak argues Meta appears to be using its dominance in social media to gain advantages in other areas, especially AI. Under Meta's original terms reported by Nieman Lab, it could scrape content from websites tied to business accounts on Facebook, Instagram and WhatsApp with no opt-out, potentially to train AI systems. After backlash, Meta delayed the effective date to Nov. 20, removed the word “train” and limited the purpose to advertising and business products, though legal experts say the new wording does not rule out AI training. The author warns this threatens news publishers, particularly in Canada, and says it could raise Competition Act issues through tied selling and abuse of dominance. He argues publishers should decide whether to license their journalism to AI companies, and that compensation should be part of that conversation.
Related markets
Latest news
- Apple Sentiment Cautious On December-Ending Quarter Outlook
Apple stock is trading near record highs ahead of its fiscal fourth-quarter report, due late Monday.
- Amazon Says It Will Start Selling Its AI Chips to Other Companies in 2027
In its third-quarter call on October 29, 2026, CEO Andy Jassy said Amazon will start selling its Trainium AI chips to outside companies in late 2027, but named no buyers, prices, volumes or revenue targets. Diluted EPS of $1.89 missed the $1.96 consensus, and shares fell 7.30% to $226.00 after hours, following a 4.25% regular-session drop. Trailing 12-month free cash flow was a $42.4 billion outflow against about $220 billion of 2026 capital spending, and selling chips outright books revenue sooner than renting them through AWS over a five-to-six-year life. The open-sourced TorchNeuron software lets PyTorch code run on Trainium and could weaken NVIDIA's CUDA lock-in, though NVIDIA still leads with data center revenue of $89.02 billion in one quarter, up 117%. AWS sales rose 39% to $46.0 billion, while supply of advanced chips remains the main constraint.
- Wall Street tech rout deepens on doubts over AI spending
US tech giants' shares were battered on Friday after a week of earnings that left Wall Street questioning whether the AI spending boom is sustainable. Microsoft, Alphabet, Amazon and Meta are on track to spend more than $700 billion on capital investment this year, much of it on AI infrastructure, according to analyst estimates. Intel shares sank as much as 30 percent after a weaker-than-expected fourth-quarter revenue forecast, citing weak PC demand and manufacturing bottlenecks. Amazon shares fell after it missed third-quarter expectations, while Alphabet dropped 12 percent on Thursday, its worst day since the 2004 IPO, as search advertising weakened and one analyst called the returns on its AI investments 'not very good'. Steve Sosnick of Interactive Brokers said the tech stocks had been priced for perfection, so anything less than perfect could hurt them.
- Trump’s Commerce Department’s Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters
Intel (NASDAQ: INTC) shares fell 28.41% to $65.91 at 10:29 a.m. ET on October 30, 2026, from a $92.07 close on October 29. Third-quarter revenue rose 21% to $16.5 billion and adjusted EPS beat estimates, but fourth-quarter guidance of $15–16 billion in revenue and $0.25 in adjusted EPS fell short of expectations, and Intel projects the PC market shrinking 12% in 2026. The Commerce Department bought 433,323,000 new shares for about $8.9 billion under its August 2025 agreement, and the stake is now worth about $28.56 billion, down about $11.34 billion in one session but still about 3.2 times its cost. The article identifies the foundry unit's $1.85 billion third-quarter operating loss as the weak spot and notes Intel has declined to name its foundry customers.
- Treasury Department announces new Series I bond rate of 5.51% for the next six months
The U.S. Treasury set a new 5.51% annual rate for Series I bonds bought from Nov. 1 through April 30, up from 4.26% for purchases through Oct. 31. The rate combines a 4.08% variable portion tied to inflation and a 1.40% fixed portion, the highest fixed rate since 2006 and up from 0.90% announced in April. Inflation has picked up, with the consumer price index rising 3.7% in September 2026 from a year earlier (3.4% in August), partly due to the Iran war pushing up gasoline and energy costs. Experts say investors who redeemed I bonds as rates fell could return if inflation pushes rates up. A holder's fixed rate stays the same for the whole holding period, while the variable portion resets every six months. Bonds cannot be redeemed within the first year, and redeeming within five years forfeits the last three months of interest.
- Why Deutsche Bank says the AI dollar is here
Deutsche Bank told clients on Friday that the dollar's role as a safe haven should not be taken for granted in an AI-driven market correction, after tech stocks and the dollar sold off together. George Saravelos, the bank's global head of FX research, said the U.S. relies on foreign equity inflows to an unprecedented degree, and these inflows currently finance the entire U.S. current account deficit. He estimated that roughly 90% of the more than $20 trillion in U.S. equities held by foreigners reflects price gains rather than additional buying. He warned that if an equity shock is U.S.-centric, the dollar-equity correlation could turn positive, making the dollar add to equity losses and prompting hedging shifts. He said risks to the dollar are now far more two-sided than the market has priced in over the past few weeks.
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.