The "Magnificent Seven" has been, well, magnificent. But investor beware: As one analyst points out: “No stock outperforms forever.”
A new report by Wall Street Journal reveals an unsettling trend on Instagram Reels feature with the app's algorithm pushing "salacious content" tied to pre-teen users, appearing alongside well-known brands’ advertisements. Wall Street Journal Reporter Jeff Horowitz — one of the journalists behind the story — joins Yahoo Finance Live to reveal disturbing details about Reels and the way its algorithm appears to actually work. Horowitz discovered “dark” content that included known victims of exploitation being used as advertisements for other websites and apps. Horowitz states “the algorithm is adapting to the network”, noting that it’s “very easy” for Instagram to pick up on preferences from burner accounts and appears to adjust quickly. According to the report, Instagram staff were allegedly made aware of this previously. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Meta Platforms, which owns WhatsApp, Instagram and Facebook, said on Tuesday it would appeal a judge's ruling that a U.S. regulator can seek to reduce the amount of money the social media company makes from users under 18. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta on Monday for the court to hear the dispute with the Federal Trade Commission (FTC). Meta in a court filing on Tuesday said it would appeal Kelly's decision to the U.S. Court of Appeals for the District of Columbia.