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Meta, Google liable; Corebridge, Equitable merge; Pony AI profitable
Bloomberg Tech·
In a significant development, Meta Platforms and Google have been found liable for a woman's mental health struggles attributed to social media addiction, a verdict that could expose them to thousands of similar lawsuits. Meanwhile, Corebridge Financial and Equitable Holdings are set to merge in an all-stock deal valued at roughly $22 billion, creating a larger entity in the financial services sector. Additionally, autonomous vehicle company Pony AI achieved its first profitable quarter, driven by an early investment rather than its core robotaxi operations, marking a notable financial milestone for the firm.
Tags
legal
acquisition
earnings
Original Source
Bloomberg Tech — bloomberg.com