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28.08.26 - 18:30
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An $18bn settlement – and Zuckerberg barely blinked. The tech titans must be stripped of their power, and soon | Jonathan Freedland (The Guardian)
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Those who said Meta harms children struck a blow, but the ability of big tech to gouge profits and cause harm is barely diminished. That's the battle to comeFollow the money. If you want to know how the tech giant Meta really feels about the $18bn it agreed to fork out to end a landmark lawsuit against it – an outcome widely hailed as a victory for campaigners – just look at its share price. It didn't go down when word came on Wednesday that Meta had settled with the 29 US states that had argued that the company's Facebook and Instagram platforms harmed children. On the contrary, Meta stock went up, initially surging by 5%, before levelling out at a gain of just over 1.25%. There could be no clearer proof that the money men reckon Meta dodged a bullet.To be sure, there was plenty to hearten those who have long believed that social media damages teenagers especially, whether by exposing them to content they shouldn't see or by sapping their self-esteem, offering them filters that show how much pret...
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28.08.26 - 18:24
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IREN Just Locked In $4 Billion in ARR — Wall Street Still Sees Only Losses (24/7 Wall St.)
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$4 Billion ARR Target IREN (NASDAQ:IREN) said on its August 27, 2026 fiscal fourth-quarter call that it has locked in $4 billion of contracted annualized recurring revenue tied to its 2026 capacity, a forward-looking target management expects to be operational by the end of the December quarter. The figure represents guidance for run-rate revenue on […]...
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28.08.26 - 10:30
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Zacks Investment Ideas feature highlights: QQQ, NVIDIA, CoreWeave, Nebius, TeraWulf, Cipher and IREN (Zacks)
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QQQ, NVIDIA, CoreWeave, Nebius, TeraWulf, Cipher and IREN have been highlighted in this Investment Ideas article....
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