Meta Blasts Professor Lawsuit Over User Control Of Facebook As 'Baseless'
Lawsuit Against Meta: Ethan Zuckerman, a professor, has filed a lawsuit against Meta Platforms, Inc. to release a browser extension called Unfollow Everything 2.0, which would allow Facebook users to unfollow multiple friends, groups, and pages simultaneously, effectively turning off their newsfeed.
Meta's Response: Meta has moved to dismiss the lawsuit, claiming it is baseless as the extension has not yet been developed, while Zuckerman argues that the tool promotes user control over online experiences as intended by Section 230 of the Communications Decency Act.
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IEMG and METU Experience Significant Inflows in ETFs
ETF Inflows: The Direxion Daily META Bull 2x Shares ETF saw the largest increase in inflows, adding 9,050,000 units, which represents a 40.0% rise in outstanding units.
Meta Platforms Performance: In morning trading, Meta Platforms experienced a slight increase of about 0.9%.
Market Commentary: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Video Content: A video segment discusses the significant inflows into ETFs, specifically mentioning IEMG and METU.
Most Active Stocks in Pre-Market Trading on October 30, 2025: CMBM, SQQQ, TSLL, NVDA, INTC, METU, CMG, RBLX, SNAP, CLF, NVO, LAC
NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 is down by 144.88 points, with a total pre-market volume of over 212 million shares traded.
Active Stocks Overview: Cambium Networks (CMBM) shows significant trading activity with a price increase, while other notable stocks like NVIDIA (NVDA) and Intel (INTC) are experiencing slight declines.
Earnings Reports Scheduled: Several companies, including Snap Inc. (SNAP) and Novo Nordisk (NVO), are set to release earnings reports soon, with varying consensus EPS forecasts indicating potential growth or decline.
Market Recommendations: Stocks like Chipotle (CMG) and Roblox (RBLX) are currently rated in the "buy range" according to analysts, despite some experiencing price drops in pre-market trading.
Meta Platforms' Upcoming Earnings Report Shines Focus On Direxion's METU, METD ETFs
Earnings Expectations for Meta: Meta Platforms Inc. is set to report its second-quarter earnings, with analysts expecting an EPS of $5.86 and revenue of $44.58 billion, reflecting growth from the previous year. The company's focus on artificial intelligence and a strong advertising business may bolster its performance.
Investment Options and Risks: Traders are considering Direxion ETFs for leveraged exposure to Meta's stock, with METU (bull) gaining 26% this year and METD (bear) losing 23%. However, these ETFs carry unique risks, including volatility and value decay if held longer than one day.
Big 5 Earnings Ahead: Are Single-Stock ETFs Set for Big Gains?
Earnings Reports Overview: Major tech companies including Alphabet, Meta, Microsoft, Apple, and Amazon are set to report their earnings this week, with expectations of significant growth in earnings and revenues, particularly driven by investments in artificial intelligence.
Company-Specific Insights: Each company has varying projections; for instance, Meta is expected to show strong earnings growth due to increased user engagement, while Apple faces challenges despite new product launches.
Meta Braces for Costly EU Fine Over Marketplace: Report
EU Antitrust Investigation: Meta Platforms, Inc. is facing a significant EU fine over allegations of monopolizing the classified advertising market by linking its Marketplace services with Facebook, which may disadvantage competitors.
Regulatory Response and Company Stance: The European Commission plans to charge Meta for non-compliance with new tech regulations, while Meta asserts that the claims are unfounded and emphasizes its collaboration with regulators to demonstrate competitive practices.
Meta Partners With Sage To Expand Geothermal Energy In US: Details
Meta and Sage Geosystems Partnership: Meta Platforms, Inc. has partnered with Sage Geosystems to significantly expand geothermal power in the U.S., marking the first deployment of next-generation geothermal energy east of the Rocky Mountains, providing up to 150 MW of baseload power for Meta's data centers by 2027.
Commitment to Sustainable Energy: This collaboration highlights both companies' commitment to sustainable energy solutions amidst growing energy demands, with U.S. Energy Deputy Secretary David Turk emphasizing the potential of geothermal energy to enhance the clean power supply.
IEMG and METU Experience Significant Inflows in ETFs
ETF Inflows: The Direxion Daily META Bull 2x Shares ETF saw the largest increase in inflows, adding 9,050,000 units, which represents a 40.0% rise in outstanding units.
Meta Platforms Performance: In morning trading, Meta Platforms experienced a slight increase of about 0.9%.
Market Commentary: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Video Content: A video segment discusses the significant inflows into ETFs, specifically mentioning IEMG and METU.
Most Active Stocks in Pre-Market Trading on October 30, 2025: CMBM, SQQQ, TSLL, NVDA, INTC, METU, CMG, RBLX, SNAP, CLF, NVO, LAC
NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 is down by 144.88 points, with a total pre-market volume of over 212 million shares traded.
Active Stocks Overview: Cambium Networks (CMBM) shows significant trading activity with a price increase, while other notable stocks like NVIDIA (NVDA) and Intel (INTC) are experiencing slight declines.
Earnings Reports Scheduled: Several companies, including Snap Inc. (SNAP) and Novo Nordisk (NVO), are set to release earnings reports soon, with varying consensus EPS forecasts indicating potential growth or decline.
Market Recommendations: Stocks like Chipotle (CMG) and Roblox (RBLX) are currently rated in the "buy range" according to analysts, despite some experiencing price drops in pre-market trading.
Meta Platforms' Upcoming Earnings Report Shines Focus On Direxion's METU, METD ETFs
Earnings Expectations for Meta: Meta Platforms Inc. is set to report its second-quarter earnings, with analysts expecting an EPS of $5.86 and revenue of $44.58 billion, reflecting growth from the previous year. The company's focus on artificial intelligence and a strong advertising business may bolster its performance.
Investment Options and Risks: Traders are considering Direxion ETFs for leveraged exposure to Meta's stock, with METU (bull) gaining 26% this year and METD (bear) losing 23%. However, these ETFs carry unique risks, including volatility and value decay if held longer than one day.
Big 5 Earnings Ahead: Are Single-Stock ETFs Set for Big Gains?
Earnings Reports Overview: Major tech companies including Alphabet, Meta, Microsoft, Apple, and Amazon are set to report their earnings this week, with expectations of significant growth in earnings and revenues, particularly driven by investments in artificial intelligence.
Company-Specific Insights: Each company has varying projections; for instance, Meta is expected to show strong earnings growth due to increased user engagement, while Apple faces challenges despite new product launches.
Meta Braces for Costly EU Fine Over Marketplace: Report
EU Antitrust Investigation: Meta Platforms, Inc. is facing a significant EU fine over allegations of monopolizing the classified advertising market by linking its Marketplace services with Facebook, which may disadvantage competitors.
Regulatory Response and Company Stance: The European Commission plans to charge Meta for non-compliance with new tech regulations, while Meta asserts that the claims are unfounded and emphasizes its collaboration with regulators to demonstrate competitive practices.
Meta Partners With Sage To Expand Geothermal Energy In US: Details
Meta and Sage Geosystems Partnership: Meta Platforms, Inc. has partnered with Sage Geosystems to significantly expand geothermal power in the U.S., marking the first deployment of next-generation geothermal energy east of the Rocky Mountains, providing up to 150 MW of baseload power for Meta's data centers by 2027.
Commitment to Sustainable Energy: This collaboration highlights both companies' commitment to sustainable energy solutions amidst growing energy demands, with U.S. Energy Deputy Secretary David Turk emphasizing the potential of geothermal energy to enhance the clean power supply.
