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Market Chatter: Meta Should Face Instagram Youth Addiction Lawsuit by Massachusetts

Meta Platforms (META) should face a lawsuit by Massachusetts attorney general that alleged Instagram was designed in a way to make young users addicted to the social media platform, Reuters reported Friday, citing a court ruling.Justice Dalila Argaez Wendlandt wrote that the lawsuit by the attorney general does not seek to hold the company liable for content created by its users but targets the company's conduct, according to the report.Meta did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $625.33, Change: $-3.06, Percent Change: -0.49%

$META

Wire81d ago

Market Chatter: Nike's Chief Innovation Officer Leaving After Less Than a Year

Nike (NKE) Chief Innovation Officer Tony Bignell is leaving the company after less than a year on the job, The Wall Street Journal reported Friday, citing a company statement.Bignell will be succeeded by Andy Caine, Nike vice president and creative director for sportswear, effective Sunday, the company reportedly said.Nike didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $42.62, Change: $-1.38, Percent Change: -3.14%

$NKE

Wire81d ago

Comstock Holding Acquires Woodland Pointe Campus in Virginia, Signs Lease with Peraton

Comstock Holding (CHCI) said Friday it acquired Woodland Pointe, a 6.77-acre office campus in Herndon, Virginia, and executed a full-campus lease with Peraton, a technology and national security company.The seller and purchase price were not disclosed.The campus includes a six-story, 185,000-square-foot office tower, and Comstock plans a new 100,000-square-foot build-to-suit building that Peraton will fully occupy.Price: $18.34, Change: $-1.09, Percent Change: -5.61%

$CHCI

Wire81d ago

Nike Chief Innovation Officer Leaving After Less Than a Year, WSJ Reports

$NKE

Wire81d ago

Market Chatter: Nexstar Media's $6.2 Billion Tegna Merger Faces Restraining Order Extension

Nexstar Media's (NXST) $6.2 billion merger with Tegna is facing fresh hurdles after a federal judge extended the restraining order on the deal by one week to April 17 to review whether a a longer preliminary injunction is needed, Associated Press reported Friday.The merger was approved by the Federal Communications Commission but ran into antitrust lawsuits last month as eight state attorneys general and DirecTV sued to block the merger in a district court in California due to concerns about consumer prices and local journalism.Neither Nexstar Media nor Tegna immediately responded to' request for comment.Shares of Nexstar were up 3.4% in Friday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $184.98, Change: $+6.16, Percent Change: +3.44%

$NXST

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