Meta Platforms (META) closed the most recent trading day at $499.49, moving -1.41% from the previous trading session.
A U.S. judge rejected Meta Platforms' bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge Casey Pitts in San Jose, California said Australia's second-richest person can try to prove that Meta's negligence in allowing the ads breached its duty to operate in a commercially reasonable manner. Forrest can also try to prove that his name and likeness was misappropriated by Meta, and not just by fraudsters behind the bogus ads.
How Meta's AI innovations and financial strength are shaping its long-term success