Meta Platforms (META) settling its child safety trial for about $16.7 billion is “the most important” development Angelo Zino sees for the Mag 7 company. Despite the 11-digit payment the social media giant will have to pay in the settlement, he says the overhang removal allows investors to focus more on fundamentals over headlines. That said, Angelo has questions for Mark Zuckerberg and Meta leadership when it comes to non-advertising opportunities as the Mag 7 company burns cash for AI infrastructure.
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