Meta strikes deal to stop Mark Zuckerberg leaving California over billionaire tax
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
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The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
A New Mexico judge ordered Meta to pay $25 billion after a jury found the company deceived users in a case linked to the Cambridge Analytica scandal, media reported Wednesday. The ruling follows an $18 billion settlement with 48 other states over similar claims. Meta called the penalty โa tax on speech.โ
US equity futures rise as SpaceX's quarterly earnings and Elon Musk's remarks on a potential SpaceX-Tesla merger boost investor confidence. Citadel's Ken Griffin warns that investors are "almost certainly" in an AI bubble, while Deutsche Bank's Christian Sewing says he doesn't see one. Jensen Huang speaks at the Nvidia GTC event in Berlin. Tesla, Meta, and IBM are set to report earnings. Kallum Pickering of Peel Hunt joins "Bloomberg Brief" on the risks around debt-financed growth. Bernard Mensah, President of Bank of America International joins Bloomberg's Francine Lacqua for an exclusive conversation at the Berlin Global Dialogue. (Source: Bloomberg)
US stock futures rose after strong results from SpaceX eased concerns over whether a global investment spree in artificial intelligence can prove sustainable. Meta investors will be looking for any updates on the companyโs artificial intelligence spending when it reports quarterly results on Wednesday after the market close. Theyโll also be watching for signs that the company is making progress in offsetting those costs by monetizing its cloud business. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)