Meta Platforms (NASDAQ: META) said that it is shutting down the third-party fact-checking programs on its social media platforms. Chief Executive Officer Mark Zuckerberg says that those platforms, including Facebook and Instagram,

Shares of Meta Platforms (NASDAQ: META) soared last year as the "Magnificent Seven" stock cracked the trillion-dollar mark once again. Like other tech stocks, Meta Platforms jumped on the broader AI boom as it experienced a resurgence in advertising revenue and moved past its earlier metaverse misstep.

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

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.

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.