The decision to retreat from its attempts to stem a rising tide may not pay off for the business, and it could spell bad news for the stock.

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

Shares of Facebook and Instagram parent Meta Platforms traded near their lows for the day after the company told employees it plans to cut 5% of its workers in performance-based job cuts in the U.S. next month.

The end of fact-checking at Meta is raising fresh concerns its platforms will become a hotbed of disinformation as the network hands over the policing of content to users. The move,

Meta Platforms ( META -1.22%) received some discouraging news from the highest court in our land Monday, and investors reacted accordingly. They traded the bellwether social media stock down by more than 1% after digesting the legal headlines, on a day when the S&P 500 index closed in positive territory with a 0.2% bump higher.

Meta Platforms has gained over 1,200% since 2012. The company is now investing heavily in artificial intelligence, bolstering our stock price predictions.

The future of these large platforms appears grim. Doctorow suggests that they risk becoming “zombies,” similar to MySpace—a site that still exists but offers nothing more than AI-generated content and spam.

The S&P 500, Dow, and Nasdaq are set to open higher today. This comes after the release of the Producer Price Index (PPI) report for December. The report showed that the producer price index rose 0.2% last month.