Social Media Giants Face Landmark Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Newsfilter
- Trial Commencement: A landmark lawsuit against Meta, YouTube, and TikTok begins in Los Angeles Superior Court on Tuesday, marking the start of several high-profile legal cases in 2026, reminiscent of the lawsuits against 'Big Tobacco' in the 1990s.
- Allegations of Design Flaws: Plaintiffs allege that these companies knowingly designed addictive features like autoplay and infinite scroll, leading to mental health issues among young users, which could have lasting implications on public perception of social media.
- Significant Liability Risks: Meta warned in an October filing that if found liable, it could face damages in the tens of billions, while Google anticipates that any liabilities will primarily be monetary, with potential requirements for algorithmic changes to product features.
- Executives to Testify: Judge Carolyn Kuhl ruled that Meta CEO Mark Zuckerberg and Instagram chief Adam Mosseri must testify, with the trial expected to draw significant public attention to the responsibilities of social media companies regarding user safety.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like GOOGL with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 338.25 USD with a low forecast of 279.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
27 Buy
7 Hold
0 Sell
Strong Buy
Current: 336.010
Low
279.00
Averages
338.25
High
390.00
Current: 336.010
Low
279.00
Averages
338.25
High
390.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cornerstone Advisory Increases Stake in Goldman Sachs S&P 500 Premium Income ETF
- Share Increase: Cornerstone Advisory increased its stake in the Goldman Sachs S&P 500 Premium Income ETF (GPIX) by 195,336 shares during Q4 2022, representing an estimated $10.23 million trade, indicating strong confidence in the fund.
- AUM Significance: Post-trade, GPIX accounts for 6.73% of Cornerstone Advisory's reportable AUM, highlighting the ETF's growing importance within its investment portfolio.
- Performance Metrics: As of January 27, GPIX shares were priced at $53.41, reflecting a 5% increase over the past year, while the fund's trailing 12-month dividend yield stood at 8.0%, providing investors with consistent cash flow.
- Investment Strategy: GPIX focuses on generating premium income by investing at least 80% of its assets in S&P 500 equities, aiming to mirror the benchmark's style, capitalization, and sector allocation, thereby enhancing its competitive position in the market.
Continue Reading
AI Infrastructure Investment Set to Reach $500 Billion
- AI Infrastructure Investment: According to FactSet Research, AI developers are set to spend $500 billion on infrastructure this year, indicating a sustained acceleration in data center construction and chip procurement expected to continue through 2026.
- Broadcom's Key Role: Broadcom (AVGO) plays a crucial role in AI infrastructure by providing networking equipment and switches, and despite being overshadowed by competitors, analysts widely regard it as a strong buy opportunity due to its essential function in AI workload management.
- TSMC's Market Position: Taiwan Semiconductor Manufacturing (TSM) is the largest chip manufacturer globally, holding approximately 70% market share, with its services in high demand due to the rise of AI, which is expected to drive accelerated revenue and profitability growth.
- Future Growth Potential: As AI applications continue to proliferate, TSMC's management anticipates ongoing growth in the coming years, highlighting its critical position in meeting the chip demands of major tech companies, potentially making it the most underrated AI chip stock of the decade.
Continue Reading