OKLAHOMA CITY, OKLA. (KOKH) — So, picture this: Attorney General Gentner Drummond and his posse of 41 other state and territory attorneys general have put Meta Platforms Inc. on notice. Why? Because of these shady, fly-by-night investment ads running on Facebook. It’s as classic as any New York hustle, but it’s playing out in the digital world.

The whole racket uses big names like Warren Buffet, Cathie Wood, and even Elon Musk to lure folks in. Once hooked, users are led into a WhatsApp group. Here’s where the real hustle begins—they’re coaxed into buying stocks that are pumped up in value. Next thing you know, the prices crash, leaving folks high and dry while the scammers cash in. Drummond claims this is straight-up securities fraud.

Drummond and the coalition let Meta know their scam-spotting game is weak. Their systems, both automated and manual, aren’t cutting it. Scammers, like the crafty types they are, keep switching up their tactics to dodge detection. So, what’s the fix? The AG squad suggests Meta needs something more than just digital pats on the back. They’re talking serious advertiser screening and deep inspections of these investment ads before they see the light of day.

The message from Drummond is crystal clear: “Shape up your process, or just drop investment ads altogether.” It’s not just Drummond making noise here; he’s backed by a roster of other AGs from places like California, New York, Ohio, and even the Virgin Islands. They’ve got their collective foot down, pressing Meta to amp up the protection for users against these digital hucksters.

For those clued-in to digital security and online scams, this is just another chapter in the ongoing saga between tech giants and fraudsters. You can almost hear the frustration in Drummond’s words: “The company owes its users protection from devastating financial losses. Meta can and must do more.” You want the rest of your news steamed hot every morning? Don’t miss our daily updates right here.

### States Joining the Charge
Here’s a snapshot of the states and territories backing Drummond’s demand:
– Alaska
– New Jersey
– California
– Ohio
– Washington
– And many others, even stretching down to American Samoa.

If anything’s clear, it’s that the clamor for Meta to step up is coming from every corner of the nation. And as always, the story will unfold on whether Meta will take the reins or if this fight is just getting started. Stay tuned.

The post Oklahoma Attorney General Calls on Meta to Address Scam Investment Ads on Facebook appeared first on Kingston Global Tokyo Japan.

Taking Stock: What’s Buzzing on Wall Street This Week

You know the deal, folks. The Big Apple financial world is gearing up for another whirlwind of a week, with Big Tech earnings, juicy U.S. jobs reports, and the ever-telling PCE inflation data set to be the talk of the town.

Market Movers and Shakers

You’d think with tech stocks soaring, we’d be cruising. But nah, last Friday had Wall Street dancing to a mixed tune. The Nasdaq Composite hit a new rally-infused record, even while the S&P 500 and the Dow couldn’t keep their six-week winning rhythm alive. The S&P dipped 1%, and Dow had a steeper fall, dropping 2.7%. All thanks to a rapid spike in yields as whispers of strong economic outlooks shattered those dreamy Fed rate cut hopes.

Stars of the Earnings Season

Investors are hanging on every word of earnings reports from five of the so-called ‘Magnificent Seven’ tech giants. Alphabet, Microsoft, Meta Platforms, Apple, and Amazon are all set to spill the beans. Meta Platforms is on deck to dish out its third-quarter earnings post the Wednesday bell. Everyone’s got eyes on the AI magic trick it’s been weaving across its digital kingdom. With Facebook, Instagram, Messenger, and WhatsApp pulling the strings behind the curtain, there’s chatter about revenue riding a favorable 18% year-over-year wave. The stock shot up 7.4% last report; will it do the encore?

Meta Platforms at a Glance

Numbers reflect previous market data and should be checked for current accuracy.

The Other Side of the Coin: Intel’s Struggle

Meanwhile, Intel isn’t exactly painting a golden picture. The semiconductor heavyweight has had its share of stumbles trying to keep pace with nimble players like AMD and NVIDIA. Market watchers predict a harsh downturn with shares poised to potentially swing 7.9% either way after Thursday’s earnings reveal. With dwindling revenue forecasts and a sharp decline in PC demand nagging at its seams, the forthcoming report doesn’t promise roses.

Intel: What the Numbers Say

Stay updated with potential shifts in data post earnings announcements.

Mark Your Calendars

But don’t just take my word for it. The U.S. unemployment data drops this Friday, and economists predict a neat addition of 111,000 jobs. Consensus places the unemployment rate right at 4.1%. And yes, the PCE price index—beloved by the Fed—joins this week’s economic parade as well, adding its two cents on the inflation front.

Get in the Game or Sideline It

As always, whether you’re wielding novice ambitions or carrying the savvy of seasoned trading, staying ahead is the mantra. Dive into platforms like InvestingPro for a slice of the actionable pie. How’s that for actionable insights?

For those ready to run with the bulls or take cover from the bears, subscribe with the current 10% off deal and let AI-backed tools guide your stride in this fast-paced market jungle.

Disclosure: Yours truly is bullish on the S&P 500 and Nasdaq 100 via the SPDR® S&P 500 ETF and Invesco QQQ Trust ETF. And yep, I mix it up with the Technology Select Sector SPDR ETF (NYSE: XLK) too. Always touch base with your financial advisor—the views here are mine and not to be mistaken for investment advice.

Catch the latest beat: Follow Jesse Cohen on X/Twitter for stock market musings straight from the city that never sleeps.

Curious to see what unfolds? InvestingPro can keep you well-prepared for whatever Wall Street is cooking.

The post Stock Picks for the Week: Buy Meta Platforms, Sell Intel appeared first on Kingston Global Tokyo Japan.