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26.03.26 - 22:42
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Jury Finds Meta, Google Liable for Addiction | Bloomberg Tech 3/26/2026 (Bloomberg)
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Bloomberg's Caroline Hyde and Ed Ludlow discuss the jury verdict holding Google and Meta liable for a young woman's social media addiction. Plus, the case in California was just the start of thousands of similar cases that could lead to impacts on the businesses of social media companies. And Google researchers tout a new compression technique for LLMs and vector search engines, sending shares of memory and storage companies lower. (Source: Bloomberg)...
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26.03.26 - 19:31
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"Don′t Be Evil": Google′s Motto Becomes A Jury Verdict In California (ZeroHedge)
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"Don't Be Evil": Google's Motto Becomes A Jury Verdict In California
Authored by Jonathan Turley via jonathanturley.org,
Google once had a motto: “Don't be evil.”
In its reorganization in 2015, the motto was changed to “Do the right thing.”
According to a California jury this week, neither motto stuck.
In a historic verdict against both Google and Meta, a jury found that the companies maliciously designed their social media products to addict children, including the plaintiff, who was known only as Kaley or KGM.
The jury heard testimony of efforts to “target” young users and feed an addiction to social media and YouTube. The jury awarded Kaley $3 million in compensatory damages divided between Meta (70%) and Google (30%). It then awarded another $3 million in punitive damages.
Those damages are nothing to companies worth billions. However, the verdict was like a dinner gong for plaintiffs lawyers. There are already thousands of cases filed against social media comp...
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26.03.26 - 18:49
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Chip Selloff Deepens After Google Memory Touts Breakthrough (Bloomberg)
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Bloomberg's Mandeep Singh joins Scarlet Fu on "Bloomberg Markets." Memory chip stocks extended their losses on Thursday after Alphabet Inc.'s Google publicized research on a new algorithm that could allow more efficient use of the storage needed for artificial intelligence development. (Source: Bloomberg)...
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