18 stories found
Recent US jury verdicts against tech giants Meta and YouTube have highlighted the ongoing tension between freedom of expression and the protection of children online, prompting discussions on legal commitments and potential lessons for regions like Hong Kong.
Indonesia has become the first country in Southeast Asia to enforce a social media ban for children under 16, with platforms like TikTok and X complying after ministerial warnings, as online safety efforts intensify and a US jury fines Meta.
Following landmark US social media addiction trials that found Meta and YouTube liable for harming children, the UK is actively considering a ban on social media for under-16s, while Meta has seen a significant $119 billion drop in market capitalization due to new regulatory risks.
A California jury found social media giants Google and Meta liable for harming a young woman by designing addictive platforms, a historic verdict that could influence numerous other cases, with reports from Sweden also confirming the judgment that Instagram and YouTube caused depression.
A business ticker reports on various developments including discounter Kik closing 300 stores, a US jury finding Elon Musk deliberately harmed Twitter shareholders, an EV battery startup pivoting to defense, and luxury cars stranded due to the Iran war.
A US federal jury has found billionaire Elon Musk liable for defrauding Twitter investors through public statements made during his 2022 takeover bid, which artificially lowered the company's stock price, by deliberately depressing the share price to reduce the purchase cost.
A US jury has indicted ten Indian nationals in connection with a conspiracy involving staged armed robberies at convenience stores, designed to allow clerks to falsely claim victim status on immigration applications.
Major technology companies like Google and Meta are facing intense scrutiny and legal challenges, drawing parallels to the tobacco industry, as US court verdicts, including a recent jury finding Meta and YouTube liable for harming children, trigger a domino effect of lawsuits in 30 American states and cause Meta's stock to plunge, experiencing its worst day in nearly a year.
Following landmark jury verdicts in Los Angeles and New Mexico finding Meta and Google (YouTube) responsible for social media addiction, the tech liability shield is now under intense scrutiny, potentially leading to significant fallout for the tech giants regarding harm to minors.
A New Mexico jury has ordered Meta to pay $375 million in civil penalties, finding the company liable for misleading consumers about platform safety and enabling harm to young users, a verdict hailed as a historic victory for child protection.
A California jury has found Elon Musk responsible for some Twitter investor losses, concluding he misled them with critical tweets during his 2022 takeover bid and tried to drive down the share price to renegotiate his $44 billion offer, specifically finding he misled shareholders regarding the number of bots on Twitter.
According to damages calculated by jurors, Musk could be ordered to pay out as much as $2.6 billion.
Meta is facing intense scrutiny and public backlash, with reports indicating the company failed to heed warnings about platform harms that led to deaths. This comes as Meta's stock plunged following significant US jury verdicts against tech giants, prompting the UK Prime Minister to address concerns about 'antisocial media' and its societal impact.
A landmark US jury verdict found Meta and Google (YouTube) liable for creating addictive social media products that harm children, prompting calls for responsible design and placing Meta in risky legal territory as New Mexico explores options to force changes. This initial victory against tech giants has been widely reported, including by Greek media.
A US jury found Meta and Google liable for intentionally designing addictive social media platforms, a ruling echoed by a Hungarian court, with new reports from Germany also finding Meta and Google negligent, raising stakes for tech giants and potentially opening the door to more lawsuits globally.
A civil jury in California found Bill Cosby responsible for drugging and sexually assaulting a woman in 1972, ordering him to pay $19.25 million in damages. This judgment adds to Cosby's ongoing financial difficulties.
A federal jury in California has found tech tycoon Elon Musk misled Twitter shareholders, causing the company's share price to drop as he prepared to buy it in a $44 billion deal.
The first-ever jury trial concerning the potential harms of social media has concluded in Los Angeles, with the jury now deliberating on accusations that Meta and YouTube created harmful, addictive products that aggravate mental health problems among young people, including a 20-year-old plaintiff suing Meta for addiction.