FACEBOOK EFFECTS
US stocks: Five things to know about Anthropic
Founded by former OpenAI researchers, Anthropic has grown into a major AI company backed by Amazon, Alphabet, Microsoft and Nvidia. As the Claude developer prepares for a landmark IPO, its safety-focused philosophy, unconventional roots and clash with the Pentagon are drawing renewed scrutiny.
Meta expands teen protections, brings AI age checks to more users
Meta uses AI to analyse whether a user is a teenager. This allows the company to identify users who may have lied about their age during registration and place them under Teen Account protections, which will automatically limit who can contact them, the content they see, and the time spent on its apps.
AMFI reshuffle: Jio Platforms and NSE may get largecap status, Vedanta may become midcap in H1 CY27
Nuvama expects Jio Platforms and NSE to enter AMFI's largecap category in its H1 CY27 reshuffle, while Vedanta may move to midcap status. The proposed changes also include upgrades and downgrades across midcap and smallcap stocks, with revised market-cap thresholds estimated at Rs 1.12 lakh crore and Rs 36,700 crore.
EU charges TikTok over harmful algorithmic 'rabbit hole' effects
EU tech regulators charged social media platform TikTok on Friday with breaching the bloc's online content rules due to the so-called "rabbit hole" effect of its recommender system, which attracts users' attention to a constant stream of
Google, Meta, TikTok sue to block California youth social media law
The law, known as Assembly Bill 1709, prohibits such platforms from offering underage children "psychologically exploitative features" that could lead to compulsive use, such as providing personal recommendations and sending videos through autoplay features. It also requires the deletion of children's accounts with those features.
Meta halts new business terms after backlash over data scraping and AI use
Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.
Punjab poll shake-up: 3 AAP MLAs join BJP to give Kejriwal's party a jolt before 2027 elections
Three former leaders of the Aam Aadmi Party resigned and joined the Bharatiya Janata Party recently. Harmeet Singh Pathanmajra and Chetan Singh Jouramajra left AAP due to dissatisfaction over candidate selections. Kunwar Vijay Pratap Singh also resigned from his seat in the Punjab Legislative Assembly. The recent actions highlight growing dissent within AAP as they prepare for upcoming elections.
Suspended AAP MLA Kunwar Vijay Pratap resigns as member of Punjab Assembly
Kunwar Vijay Pratap Singh has resigned from his position as an MLA representing Amritsar North in Punjab. He submitted his resignation to the Speaker of the Punjab Vidhan Sabha, Kultar Singh Sandhwan. Singh's resignation follows the departure of two other AAP legislators from the party's primary membership recently. Previously, Singh faced a five-year suspension from AAP for allegedly engaging in anti-party activities.
ET Wealth Expo: Saurabh Mukherjea suggests a simple 50:50 portfolio to diversify across India and the US
Saurabh Mukherjea recommends a simple 50:50 portfolio split between the Nifty 50 and the S&P 500, with annual rebalancing, to diversify across India and the US. He explains how the strategy can improve returns relative to risk, reduce volatility and help investors avoid predicting which market will outperform.
SEBI to make direct mutual fund plans default from November 1; reviews IPO and SME listing rules: Reports
SEBI will make direct mutual fund plans the default option on AMC digital platforms starting November 1, while investors choosing regular plans must be informed about their higher costs. The regulator is also reviewing IPO frameworks, simplifying market regulations and expanding the use of AI to strengthen supervision and investor protection.
Meta eyes record $95 billion equity raise to fund AI expansion
The Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60 billion.
Mark Zuckerberg, worth $240 billion, threatens to leave California over 5% billionaire tax as Meta creates new Class C shares to keep him in state
Mark Zuckerberg has threatened to leave California if the state introduces a proposed 5% billionaire wealth tax. In response, Meta has approved a new class of nonvoting Class C shares that would allow the Facebook co-founder to raise money to pay a potential tax bill without losing control of the company. The new stock arrangement also comes with an eight-year commitment from Zuckerberg to remain a California resident.
Meta’s bigger budget, Tesla’s smaller one leave Wall Street uneasy
Investors question how Meta will fund its AI push and whether Tesla’s smaller budget can deliver Musk’s ambitions.
Delhi Traffic Advisory: Diversions from 1 pm to 5 pm as large crowd heads towards Jantar Mantar
Delhi Traffic Police issued a traffic advisory in anticipation of congestion on Friday afternoon. The advisory warns commuters to expect delays from 1 PM to 5 PM in the affected areas. Motorists are advised to plan their journeys ahead and utilize alternative routes. Commuters should avoid roads near Bangla Sahib Gurudwara, Connaught Place, and Jantar Mantar during this period.
Karen Frederick, a mom of two, built a $1 million jewelry business from home. All about Kole Jax Designs
In 2012, Karen Frederick launched Kole Jax Designs to intertwine her love for jewelry with her role as a mother. Through effective social media marketing, she quickly amassed a substantial following and revenue. By 2018, her business celebrated high seven-figure revenue, showcasing impressive annual growth. Karen believes in learning from setbacks and emphasizes that one should pursue entrepreneurship without waiting for ideal circumstances.
Rhode Island sues Meta over alleged tolerance for scam advertising
The suit, filed by Rhode Island Attorney General Peter Neronha in Providence Superior Court, accuses Meta of unlawfully profiting from and participating in the creation of billions of dollars in scam advertising - even as it assured its billions of users that it was working diligently to protect them.
Fish oil and Alzheimer’s prevention: What happened when researchers tested high-dose DHA for two years and found no significant benefits for memory or brain health
A recent clinical trial involving older adults found no cognitive improvements from high-dose DHA supplements. Researchers confirmed that the DHA reached the brain but did not enhance memory. Participants demonstrated no significant cognitive benefits after two years of supplementation. The study raises questions about the effectiveness of fish oil supplements for preventing Alzheimer’s disease. Overall health and dietary habits remain crucial for maintaining brain health in aging individuals.
From $6 Diesel to Immigration Raids: What Michigan and Kansas Senate candidates told voters before Election Day
Candidates in Michigan and Kansas addressed pressing issues such as rising fuel costs and immigration enforcement. As the midterm elections approach, these topics influence voters' concerns about household finances and national security. Economic arguments varied between the two states, reflecting local priorities and the candidates' positions. The outcome of these Senate races may affect control of the Senate and federal policy directions.
87 million Facebook users & political targeting: What was the Cambridge Analytica scandal that is back in focus as Meta faces a $25 billion hit
Meta Platforms has been ordered to pay $25 billion for misleading consumers about data privacy in New Mexico. The ruling follows a jury finding that the company misrepresented access to personal information. New Mexico Attorney General Raúl Torrez initiated the case, citing violations of consumer protection laws. This penalty is one of the largest ever imposed on a company by a state.
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