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Cramer Says Meta Is Not the New Tobacco, Warns Against Selling over Social Media Court Rulings
Jim Cramer says selling Meta shares after legal setbacks overlooks larger AI investments and limited revenue risk from teen users, who represent about 1% of income.
Summary by CNBC
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3 Articles
Jim Cramer Warns Meta Isn't The Next Big Tobacco: Forget Lawsuits, Focus On AI—Investors Are 'Going To Regret' Selling - Meta Platforms (NASDAQ:META)
CNBC's Jim Cramer is urging investors not to panic-sell Meta Platforms Inc. (NASDAQ:META) following multimillion-dollar courtroom defeats, arguing that the tech giant is not the next Big Tobacco and that its heavy artificial intelligence (AI) investments will drive massive future growth. The ‘Big Tobacco’ Rebuttal Meta shares tumbled nearly 8% after juries in Los Angeles and New Mexico found the company liable for purposefully designing addictiv…
·New York, United States
Read Full ArticleMeta, Google face ‘Big Tobacco’-like reckoning after landmark verdicts on social media addiction
Social media giants Meta and Google had their “Big Tobacco” moment after suffering a pair of devastating court losses this week – and the real legal trouble is likely just beginning, experts told The Post.
·New York, United States
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Total News Sources3
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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