Meta Platforms Inc

• Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
• Australia just pulled the trigger on a teen social media ban. Governments worldwide are watching - Australia has enacted the world's first ban on social media usage for users under the age of 16, in a move expected to be monitored by global lawmakers.  
• From Llamas to Avocados: Meta's shifting AI strategy is causing internal confusion - Meta’s push to develop its next frontier model, codenamed Avocado, under new AI leadership is creating internal friction as it races rivals OpenAI and Google.
• Pressure builds on Apple and CEO Tim Cook with holiday executive shakeup - Apple has seen extraordinary turnover in its top ranks over just the past week.
• CNBC's Inside India newsletter: How a government app in India triggered a backlash over internet freedom - The Indian government asked phone manufacturers to preload a state-run cybersecurity app with no option to disable it, drawing a public backlash.
• Meta faces Europe antitrust investigation over WhatsApp AI policy - The European bloc has launched an antitrust investigation into the social media giant over its WhatsApp AI policy.
• Nvidia-backed $4 billion AI startup announces major London expansion - U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.
• AI stock rally may be driven by fear of missing out, but strategists say hold tight - The European Central Bank on Wednesday warned of high valuations and increased concentration of global stocks.
• Many Fighting Climate Change Worry They Are Losing the Information War - Shifting politics, intensive lobbying and surging disinformation online have undermined international efforts to respond to the threat.
• Forget AI spending — the biggest risk to this stock market is speculative junk - The idea that these alternative investments somehow create anything en masse is almost ludicrous.