Meta AI Pioneer LeCun Announces Exit, Plans New Startup

Citadel Securities LLC has initiated trading for two baskets of corporate bonds from major tech companies including Microsoft Corp., Amazon.com Inc., Alphabet Inc., and Meta Platforms Inc. This move comes as investors seek more liquid options to engage in substantial investments in artificial intelligence.

Meta Platforms Inc. has expressed significant challenges in identifying and removing underage users as it prepares to comply with Australia's upcoming ban on social media access for individuals under 16 years old, set to take effect next month.

Meta Platforms Inc. achieved a significant legal victory in federal antitrust court, as a judge ruled that the company does not need to divest its acquisitions of Instagram and WhatsApp, concluding that it is not a monopoly. This decision comes amidst ongoing scrutiny of Meta's market practices, although the judge's reasoning may have implications for the company's future operations.

Meta Platforms Inc. has announced the departure of its Chief Revenue Officer, John Hegeman, amid a significant leadership reshuffle. This change comes as the company faces mounting pressure to execute its ambitious and costly artificial intelligence strategy. Hegeman's exit is part of a broader shift within the organization as it seeks to adapt to evolving market demands and internal challenges.