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UNBELIEVABLE: 24 - The Untold Story

'The Market Has Voted': Michael Burry Warns Big Tech's AI Spending Is Harming Stocks While Apple Wins

How AI investment strategies are impacting major US tech firms and what a potential market correction could mean for UK pension holders, according to Michael Burry's analysis.

International Business Times UK

No pressure Steam Frame: Meta's mixed reality division is still haemorrhaging money, losing $4.6 billion in its second quarter of the year

Meta's Q2 earnings are in, and Reality Labs is continually losing money despite a year filled with layoffs, price hikes, and studio closures.

GamesRadar

Meta summons: Government to question global team on issues around algorithmic bias, role in public order

Meta's global team will face government questioning next week. They will address algorithmic bias and the company's public order role. This follows the brief restriction of Prime Minister Narendra Modi's Facebook post. The explanation provided by Meta was deemed inadequate by the ministry. Enhanced safeguards are now implemented for prominent…

The Economic Times

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Here Are the Numbers That Matter in Microsoft’s Q2 Earnings and How to Play MSFT Stock Now

Microsoft is trading higher after reporting stellar fiscal Q4 2026 earnings. Here are the key takeaways from the report.

Barchart

AI labels to be compulsory on authentic-looking content under EU rules

Companies must ensure people know when they are interacting with artificially generated images, audio and text designed to look real

The Guardian - UK

Indian police crack down on ‘abusive’ remarks about Modi during Gen Z protests

Activists allege police are taking action against people who participated in 36-day demonstrations

The Independent UK

Bernie Sanders Mocks Meta CEO Mark Zuckerberg Over Potential $10.5 Billion Tax Bill in California: 'How Will He Survive?'

Sen. Bernie Sanders (I-Vt.) on Thursday said Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg could owe about $10.5 billion if California voters approve a proposed 5% billionaire wealth tax in November, saying the revenue could help preserve healthcare for 3 million low-income people.

Benzinga

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Buy, scan, destroy: AI firms are shredding millions of books to train their chatbots

AI companies are buying, cutting apart and scanning millions of physical books to train chatbots, according to a Washington Post report based on newly unsealed court filings. The documents reveal Anthropic's secret "Project Panama" and shed light on similar book-acquisition efforts by Meta, OpenAI and Google, as the AI industry's…

The Economic Times

Most Australian teens still on social media three months after ban

SYDNEY — More ‌than eight in 10 Australian teenagers were still using social media three months after the government's landmark ban on the platforms for under-16s took effect because the tech firms failed to implement effective age checks, the country's internet regulator has found.

Bangkok Post

Gary Black Says Meta Stock Could Mirror Alphabet's Post-Earnings Recovery: Here's Why the Analyst Calls Google 'The Better Business'

The Future Fund‘s Gary Black said Meta Platforms Inc.‘s (NASDAQ:META) post-earnings selloff could mirror Google parent Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) recovery over this week, as investors look past conservative guidance and one-time items.

Benzinga

Most Australian teens still on social media three months after under-16 ban began, study finds

In a study published on Friday, eSafety also found most children aged between 10 and 15 were using social media just as frequently in March as they had before the ban came into force on December 10 last year, while parental awareness ‌of their habits ⁠decreased.

The Economic Times

Reddit flags volatile search referrals as US user growth slows

The social media company operates in a highly competitive market. Bigger rival Meta through its Threads communities hub and new Forum app for Facebook Groups users appears to ‌be directly ⁠targeting Reddit's ⁠core community model.

The Economic Times

Cathie Wood Snaps Up $14.3 Million of Meta Stock After Post-Earnings Selloff, Ark Sheds Caterpillar Shares

On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Meta Platforms Inc (NASDAQ:META) and Caterpillar Inc (NYSE:CAT). The investment firm increased its position in Meta Platforms while reducing its stake in Caterpillar, reflecting strategic adjustments amidst market fluctuations.

Benzinga

Telangana Police book Meta India head, social media account operators over alleged objectionable posts targeting PM Modi

Telangana Cyber Crime Police have filed two cases against social media account operators and Meta India's head. These cases stem from complaints alleging morphed and objectionable content targeting Prime Minister Narendra Modi. BJP supporters reported manipulated videos and images circulated on Facebook and Instagram platforms. Police have invoked relevant provisions…

The Economic Times

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Fortune

Tim Cook signs off on final Apple earnings call with warning of ‘100-year flood’ in memory chip pricing

The iPhone maker said severe constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

The Guardian - US

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters

The Independent UK

LinkedIn’s newest feature: A ‘Seems Like AI Slop’ button

LinkedIn is also removing its ‘enhance with AI’ option for users and replacing it with an option for proofreading that does not significantly re-write posts

Fortune

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

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Barchart

Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.36%. September E-mini S&P futures (ESU26 ) rose +1.65%, and September E-mini Nasdaq futures...

International Business Times

Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Wall Street is beginning to reward companies that are successfully converting AI investments into measurable returns and punish those who are not.

Kiplinger

Nasdaq Soars 679 Points as Microsoft Pops: Stock Market Today

Surging long-term Treasury yields didn't hold stocks back on Thursday, as Wall Street cheered one Big Tech's blowout earnings report.

Barchart

Meta Stock’s Free Cash Flow Just Sent Wall Street a Warning

Meta Platforms' second quarter wasn't entirely a bad quarter. However, it forced investors to rethink the cost of its AI ambitions.

Barchart

As Sam Altman Celebrates the Singularity, Palantir CEO Alex Karp Warns: ‘There Are Dangers… We Are Going to End Up Having to Regulate AI’

OpenAI CEO Sam Altman says the AI singularity has already arrived. Palantir CEO Alex Karp says it’s time for Silicon Valley to get serious about the risks of this game-changing technology.

Fortune

‘I‘m just stuck’: Meet the former OpenAI researcher sitting on $700K of equity that he says is overvalued

Andrew Ho worked at OpenAI for eight months but said he had to leave after realizing how tremendously overvalued the AI labs are. And he doesn’t think it’s a bubble.

Barchart

Steve Eisman Says Cutting AI Capex Would Sink the Market. Spending Too Much Could Be Just as Dangerous for Hyperscaler Stocks.

Steve Eisman warns that cutting AI capital expenditures could trigger a broad market selloff. But investors should also consider whether ever-rising hyperscaler spending carries risks of its own.

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Leopold Aschenbrenner

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