CFO Susan Li divested $5.6 million in stock during May through a predetermined trading arrangement. Insider Curtis Mahoney also reduced his holdings. Over the past 90 days, company insiders have sold more than 41,000 shares valued at approximately $25.6 million.
Regulatory challenges persist as well. European Union regulators mandated that Meta provide competing AI chatbot services access to WhatsApp. A judicial ruling denied Meta’s request for a new trial in litigation concerning youth social media addiction. Additionally, reports of an AI-related security vulnerability that enabled unauthorized access to Instagram accounts created further concerns.
FROM Blockonomi
I'm so old I remember when Google wasn't evil
BREAKING . . .
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