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Nearly 70% of under-16s with accounts on Instagram, Snapchat or TikTok had maintained access, survey findsThe Australian government has accused big tech firms like Meta, TikTok and Google of disobeying the landmark ban on under-16s using social media, after the country’s online safety office warned many children had accounts.A survey of 900 Australian parents found around a third (31%) said their children still had one or more social media accounts after the ban, compared to 49% before the laws. Continue reading...

• Alcoa shares surged 11-12% and Century Aluminum 13.6% as aluminum prices reached near four-year highs due to Middle East infrastructure strikes. • Iranian missile strikes hit critical metal industry infrastructure, disrupting supply and driving the commodity rally amid the widening conflict. • The gains in metal stocks contribute to broader market recovery, underscoring sector sensitivity to geopolitical supply shocks.

• A New Mexico jury found Meta liable for US$375 million in damages for failing to protect young people from online harm, including exploitation by sexual predators, in violation of state consumer protection laws. • This verdict follows a separate Los Angeles jury decision ordering Meta and Google to pay US$6 million to a 20-year-old woman over claims that their apps were addictive and caused mental health crises. • Multiple states have filed similar cases against Meta, signaling a broader accountability movement targeting major tech platforms' user engagement and safety practices.

• Chinese authorities are reviewing Meta's US$2 billion acquisition of AI startup Manus, questioning whether the deal violated technology export and overseas investment rules, marking increased regulatory scrutiny of cross-border tech transactions. • Chinese regulators reportedly restricted Manus founders from leaving the country and began examining the deal shortly after announcement, suggesting a strategic shift toward scrutinizing where technology is developed rather than where companies are registered. • The regulatory action has drawn attention across the tech industry, indicating that traditional offshore structuring strategies may no longer protect companies from government oversight as both China and the US increase AI company surveillance.

• Meta is financing multiple natural gas power plants in Louisiana to exclusively supply electricity for its massive new data center supporting AI operations. • The project addresses surging energy demands from AI training, with the plants designed to generate dedicated power bypassing the public grid amid national infrastructure strains. • This move highlights tech giants' shift toward self-funded energy solutions to avoid burdening consumers and accelerating U.S. data center expansion.

• Major companies—Amazon, Google, Meta, Microsoft, Oracle, OpenAI, and xAI—signed a federal pledge to provide their own electricity for AI data centers, shielding U.S. consumers from grid overload. • The commitment responds to exploding energy needs from AI infrastructure, following Meta's Louisiana gas plant initiative and similar efforts nationwide. • Industry leaders aim to prevent rate hikes and blackouts while fueling the AI boom central to U.S. tech competitiveness.

• Tech giants including Meta and Google spent over $39 million in 2025 to influence California politics on AI and crypto, per CalMatters analysis released March 27, 2026. • Meta alone invested $4.6 million lobbying against AI regulations, its highest ever since 2010. • This surge precedes high-stakes 2026 elections, including California's open governor race, signaling intensified Big Tech political engagement.