Big Tech's hyperscalers—Meta, Amazon, Alphabet and Microsoft—are increasingly relying on debt issuance, equity sales, and off-balance-sheet financing arrangements to fund surging AI infrastructure investment. Capital expenditures have exceeded 100% of operating cash flow at some of these firms, prompting Amazon and Alphabet to sell bonds globally, Alphabet to issue equity, and Meta to pursue bond sales and partnerships with alternative asset managers for data center funding.
cnbc.com
· 2026-08-28
Meta agreed to pay $16.7 billion to resolve a consolidated lawsuit brought by 51 state attorneys general over allegations its platforms fostered social media addiction among young users. The deal came just over a week into trial, before CEO Mark Zuckerberg was expected to testify, and California AG Rob Bonta said it does not shield Meta from further legal exposure. Florida's attorney general called the sum too small for a company of Meta's size and said his state will continue pursuing its own separate lawsuit.
cnbc.com
· 2026-08-27
Jim Cramer said Meta's $18 billion settlement with attorneys general over youth social media addiction claims is a favorable outcome for the company, ending a federal trial that could have exposed Meta to $200 billion in fines. Under the deal with 48 states, D.C., and three territories, Meta agreed to daily time limits, better parental controls, age-verification tools, and fewer notifications during school hours for young users.
cnbc.com
· 2026-08-26
Testifying in Oakland in the multistate lawsuit against Meta, Instagram chief Adam Mosseri said he does not instruct employees to conceal information from him that could create legal exposure. He was questioned about whether Meta lawyers restricted internal sharing of research on child safety and teen mental health, and acknowledged the company had narrowed access to some internal studies.
cnbc.com
· 2026-08-25
Meta Platforms faces a federal trial in Oakland brought by 29 state attorneys general over allegations it designed addictive features harming children, a case that could drag on for years and result in massive damages. Despite the stock falling 26% in 2026 amid this litigation and AI spending worries, Jim Cramer and Bank of America argue the selloff is overdone. BofA reiterated its buy rating and $810 price target, citing Meta's AI infrastructure buildout and a valuation of about 16 times 2027 earnings estimates.
cnbc.com
· 2026-08-24
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