Video is designed to appear like A Current Affair interview and features altered versions of treasurer and rich listers
Among the tumblers were some famous names and several up-and-comers. Both listed stocks of Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) lost nearly 2% of their value, while social media giant Meta Platforms (NASDAQ: META) declined by 1.5%. Hardware specialist Super Micro Computer (NASDAQ: SMCI) and leading artificial intelligence (AI) developer C3.ai (NYSE: AI) also fell, by 4.9% and 3.6%, respectively.
The parent company of Instagram and Facebook has sued the Federal Trade Commission in an attempt to stop the agency from reopening a 2020 privacy settlement with the company that would prohibit it from profiting from data it collects on users under 18. In a lawsuit filed late Wednesday in federal court in Washington, D.C., Meta Platforms Inc. said it is challenging “the structurally unconstitutional authority exercised by the FTC” in reopening the privacy agreement. “Meta respectfully requests that this Court declare that certain fundamental aspects of the Commission’s structure violate the U.S. Constitution, and that these violations render unlawful the FTC Proceeding against Meta,” the company says in its complaint.