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26.03.26 - 17:07
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How a Social Media Trial Verdict Threatens Big Tech (Bloomberg)
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A flood of lawsuits filed in recent years against social media giants claim that by engineering their platforms to be hard to resist, the companies are causing serious harm to young users. In the first case to go to trial, a jury on March 25 found Meta Platforms Inc. and Google negligent in the design and operation of their platforms – a landmark verdict....
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26.03.26 - 15:48
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ReelTime′s RI′s Structural Advantage Shines in AI Video After Reports OpenAI Abandoned Sora, Sacrificing a Landmark $1 Billion Disney Deal to Redirect Compute Elsewhere (GlobeNewswire EN)
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RI's Efficient Distributed Architecture Is Creating Separation in Video and Multimodal AI as Microsoft (MSFT), NVIDIA (NVDA), Alphabet (GOOGL), Meta Platforms (META), Palantir (PLTR), OpenAI, Anthropic, xAI, and Luma Com RI's Efficient Distributed Architecture Is Creating Separation in Video and Multimodal AI as Microsoft (MSFT), NVIDIA (NVDA), Alphabet (GOOGL), Meta Platforms (META), Palantir (PLTR), OpenAI, Anthropic, xAI, and Luma Com...
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26.03.26 - 15:43
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US-Geschworene: Meta und YouTube warnten nicht vor Risiken (Cash)
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- Der Facebook-Konzern Meta und die Google-Videoplattform YouTube haben eine Niederlage in einem US-Prozess um das Suchtpotenzial von Online-Diensten einstecken müssen. Geschworene in Los Angeles kamen zu dem Schluss, dass die Plattformen fahrlässig handelten und Nutzer ungenügend über Risiken informierten, wie US-Medien aus dem Gerichtssaal berichteten....
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26.03.26 - 15:43
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Meta and Google Found Liable; Corebridge and Equitable Merge; Pony AI Swings to Profit (Bloomberg)
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion.
- Meta Platforms Inc. and Alphabet Inc.'s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims.
- Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. (Source: Bloomberg)...
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26.03.26 - 15:18
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Meta Platforms Slips as Legal Verdict and AI Spending Concerns Converge: What Investors Need to Know (24/7 Wall St.)
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Meta Platforms (NASDAQ:META) is under pressure this Thursday as three distinct catalysts converge on the stock. A landmark jury verdict finding Meta Platforms negligent in a child safety case, hundreds of confirmed job cuts, and a fresh analyst price target reduction are hitting the stock simultaneously, pushing META down 3% in early trading to around ... Meta Platforms Slips as Legal Verdict and AI Spending Concerns Converge: What Investors Need to Know
The post Meta Platforms Slips as Legal Verdict and AI Spending Concerns Converge: What Investors Need to Know appeared first on 24/7 Wall St.....
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26.03.26 - 13:30
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The verdict against Meta and YouTube is a victory for children – and the US justice system | Austin Sarat (The Guardian)
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In a court of law, tech titans will be judged not for who they are, but what they do. We should take comfort in thatJury verdicts are meant to speak the truth, and today's verdict in a California courtroom spoke the truth about the pernicious effects of platforms such as Instagram and YouTube on young people in the United States and around the world. The jury found two social media giants, Meta and YouTube, responsible for injuries incurred by a 20-year-old woman over the course of her childhood.The plaintiff, referred to in court as KGM, claimed that her social media use had begun when she was six years old. Her suit alleged that the sites she regularly used had features designed to hold her attention and keep her coming back. Continue reading......
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