Meta and Microsoft showing they can make money in the age of AI, says Jefferies Brent Thill
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Yahoo
36 minutes ago
- Yahoo
Jury rules Meta violated California privacy laws by quietly collecting Flo users' menstrual health data
A California jury has found Meta in violation of state user privacy laws in a class-action suit brought by users of period tracking app, Flo, who alleged that the tech giant collected private menstrual health data without users' consent and used it for ad-tracking purposes. The plaintiffs, claiming to represent millions of Flo users, had accused Flo and Meta of collecting private health data, like their period dates and fertility goals, via Flo's app without permission, therefore violating California Invasion of Privacy Act. Filed in 2021 against Flo, the lawsuit also named Meta, Google, and ad analytics companies AppFlyers and Flurry, as defendants, though Google settled the case in July, and Flo also did so earlier this month. 'This verdict sends a clear message about the protection of digital health data and the responsibilities of Big Tech,' said Michael P. Canty and Carol C. Villegas, lead trial attorneys in the case. 'Companies like Meta that covertly profit from users' most intimate information must be held accountable. Today's outcome reinforces the fundamental right to privacy—especially when it comes to sensitive health data,' they added. Meta disagreed with the verdict and said that the company never eavesdropped on Flo users. 'We vigorously disagree with this outcome and are exploring all legal options. The plaintiffs' claims against Meta are simply false. User privacy is important to Meta, which is why we do not want health or other sensitive information, and why our terms prohibit developers from sending any,' a company spokesperson said in a statement. Last year, Flo raised $200 million in Series C funding from General Atlantic at a valuation of over $1 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
39 minutes ago
- Forbes
Buy AppLovin Stock Ahead of Its Upcoming Earnings?
AppLovin (NASDAQ:APP), which assists mobile app developers in publishing and promoting their applications, is scheduled to announce its earnings on Wednesday, August 6, 2025. Interest in Axon 2.0, AppLovin's proprietary machine learning algorithm for ad placement, has increased significantly. This software determines which advertisement to display, to which user, and at what time, aiming to enhance click-through rates and engagement. Although this is akin to the practices of Meta and Google, Axon is specifically optimized for mobile app advertising. The company's advertising platform registered a remarkable revenue increase of 71% over Q1 2025, totaling $1.16 billion, and this momentum could persist into Q2. Profit is projected to be around $2.32 per share for the quarter, based on consensus estimates, while revenues are expected to be approximately $1.22 billion, reflecting a 13% increase compared to last year. The company currently has a market capitalization of $129 billion. Over the past twelve months, it generated $5.1 billion in revenue, achieving operational profitability with $2.4 billion in operating profits and a net income of $1.9 billion. Much will depend on how the results compare to consensus expectations; nonetheless, understanding historical trends could favor you if you are a trader focused on specific events. There are two strategies to consider: analyze historical data and position yourself prior to the earnings release, or examine the correlation between immediate and medium-term returns following earnings and adjust your positioning accordingly after the earnings are announced. If you're seeking upside potential with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative—having surpassed the S&P 500 and delivering returns exceeding 91% since its launch. View the earnings reaction history of all stocks AppLovin's Historical Probability of Positive Post-Earnings Return Here are some insights regarding one-day (1D) post-earnings returns: Additional information regarding observed 5-Day (5D) and 21-Day (21D) returns post earnings is outlined, along with the relevant statistics in the table below. Correlation Between 1D, 5D and 21D Historical Returns A comparatively less risky approach (though ineffective if the correlation is weak) is to consider the correlation between short-term and medium-term returns following earnings, identify a pair with the highest correlation, and execute the relevant trade. For instance, if 1D and 5D exhibit the strongest correlation, a trader could take a 'long' position for the subsequent 5 days if the 1D post-earnings return is positive. Below is some correlation data derived from a 5-year and a 3-year (more current) history. Note that the correlation 1D_5D represents the relationship between 1D post-earnings returns and subsequent 5D returns. Discover more about the Trefis RV strategy that has outperformed its all-cap stocks benchmark (which includes the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors. Additionally, if you seek upside potential with a steadier path than an individual stock like AppLovin, consider the High Quality portfolio, which has outperformed the S&P and achieved over 91% returns since its inception.
TechCrunch
41 minutes ago
- TechCrunch
Jury rules Meta violated California privacy laws by quietly collecting Flo users' menstrual health data
A California jury has found Meta in violation of state user privacy laws in a class-action suit brought by users of period tracking app, Flo, who alleged that the tech giant collected private menstrual health data without users' consent and used it for ad-tracking purposes. The plaintiffs, claiming to represent millions of Flo users, had accused Flo and Meta of collecting private health data, like their period dates and fertility goals, via Flo's app without permission, therefore violating California Invasion of Privacy Act. Filed in 2021 against Flo, the lawsuit also named Meta, Google, and ad analytics companies AppFlyers and Flurry, as defendants, though Google settled the case in July, and Flo also did so earlier this month. 'This verdict sends a clear message about the protection of digital health data and the responsibilities of Big Tech,' said Michael P. Canty and Carol C. Villegas, lead trial attorneys in the case. 'Companies like Meta that covertly profit from users' most intimate information must be held accountable. Today's outcome reinforces the fundamental right to privacy—especially when it comes to sensitive health data,' they added. Meta disagreed with the verdict and said that the company never eavesdropped on Flo users. 'We vigorously disagree with this outcome and are exploring all legal options. The plaintiffs' claims against Meta are simply false. User privacy is important to Meta, which is why we do not want health or other sensitive information, and why our terms prohibit developers from sending any,' a company spokesperson said in a statement. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise on August 7. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Last year, Flo raised $200 million in Series C funding from General Atlantic at a valuation of over $1 billion.
