Meta Platforms

Strike 3 Holdings obtained an order in a U.S. federal court to disclose an IP address attributed to an executive at Meta Reality Labs, who is alleged to have downloaded nearly 20,000 movie files, including VR material, via BitTorrent. The plaintiff suspects Meta used the material to test or train AI systems such as Meta Movie Gen or LLaMA and requests that the John‑Doe action be consolidated with the main suit against Meta. Meta denies the allegations, stressing that an IP address does not prove wrongdoing or use in an official capacity; the main claim’s damages are up to $446 million. » More on golem.de

An $18bn settlement with US states over alleged harms to children from Instagram and Facebook prompts calls for Mark Zuckerberg to step down and for Meta to restructure with safety prioritized over profit. The settlement imposes design limits for teen accounts and stricter age verification but leaves content recommendation issues unresolved and may raise enforcement and privacy challenges. Critics argue Zuckerberg’s leadership enabled repeated harms and that his removal is necessary to change company direction and reduce future liabilities. » More on theguardian.com

Meta opened paid developer access to Muse Spark 1.3, a new AI model that outperformed GPT-5.6 Sol and Claude Fable 5.1 in benchmarks. It also unveiled the real-time speech recognition model Muse Voice Transcribe. Several analysts confirmed or raised ratings and price targets, including Bernstein at $800 and BofA at $810. The stock climbed about 4% intraday to above $616, supported by legal clarity and positive product catalysts. » More on de.investing.com