US EditionMeta Platforms Slips as Legal Verdict and AI Spending Concerns Converge: What Investors Need to Know
Juries awarded $381 million total, ruling platform design caused teen harm and challenged Section 230 protections shielding tech companies from liability.
4 Articles
4 Articles
Meta Platforms Slips as Legal Verdict and AI Spending Concerns Converge: What Investors Need to Know
Quick Read Meta Platforms (META) stock slid 3% after a jury found the company negligent in a child safety case alongside a similar verdict against Alphabet’s (GOOGL) Google, threatening the tech industry’s Section 230 liability shield that has protected platforms for decades. Meta also announced job cuts and faced an analyst price target reduction from Arete to $614 from $676, while carrying $58.7B in long-term debt against aggressive $115-$13…
US jury verdicts against Meta, Google tee up fight over tech liability shield
March 26 - Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet's Google liable, potentially teeing up an appeals fight that could reshape how U.S. law shields tech companies from lawsuits. Read more at straitstimes.com.
Meta and Google Verdict: Public Health Perspective
Journalists covering Wednesday's verdict in the Meta and Google case in the California Superior Court in Los Angeles County are welcome to use these comments from faculty at the Johns Hopkins Bloomberg School of Public Health: Tamar Mendelson: “This verdict offers hope for future improvements to the design of social media platforms -- in particular, how content is delivered to children and adolescents. Young people deserve evidence-based design…
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