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META DAMAGES 1.4 TRILLION
What's the latest in the trials over claims social media is hurting children?The social media companies have denied allegations that their products have contributed to depression, anxiety, body-image issues and a bro...- Meta, 29 states head to court in biggest test yet of youth social media litigationThe trial in Oakland, expected to last seven weeks, will test Colorado, Kentucky, California and New Jersey's allegations that Meta designe...
- Meta, YouTube, TikTok face thousands of lawsuits in the US over kids’ mental health: What we knowMajor social media firms face thousands of lawsuits across the United States. These legal actions allege platforms are designed to addict y...
- Govt-Meta meeting later this week to assess progress after multiple rounds of talks on issuesA technical round of discussions followed on Friday, during which the social media company detailed how it plans to address the Centre's co...
- US court rules Meta, other tech firms must face thousands of lawsuits over social media addictionThe San Francisco-based 9th U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling re...
- RPSG’s Purvah Green Power to acquire Renew Solar Power's 1.4 GW solar portfolio for Rs 4,859 crorePurvah Green Power will acquire a 1.4 GWp solar portfolio for Rs 4,859 crore. This acquisition will increase Purvah's contracted renewable ...
- Assam flood toll at 101 at over 1.26 lakh remain affectedAssam's flood toll has risen to 101, with over 1.26 lakh people still affected. Golaghat district is the most severely impacted, reporting ...
- US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceedAn appeals court permitted thousands of lawsuits against social media firms to advance. These suits allege companies designed products to a...
- India asks Meta to revamp algorithms, submit roadmap to fight deepfakesMeitY has directed Meta to revamp algorithms and provide a compliance roadmap. Officials also asked Meta to tighten content moderation and ...
- ETtech Explainer: Why Zee sued Nykaa over Instagram reels and what the fight is really aboutZee Entertainment has launched a lawsuit against Nykaa, accusing it of utilizing copyrighted music in its promotional Instagram reels. In r...
- Meta will soon face another high-stakes trial in USWith two convictions and nearly $1 billion in damages already stacked up, Meta will face another trial starting this week about alleged har...
- Three in five Americans favour stronger oversight of social media companies: Reuters/Ipsos pollThe poll, which was conducted over the six days ending August 3, comes as companies like Meta Platforms and Google's YouTube face mounting ...
- Explainer: How could New Mexico's $567 million ruling change Meta?The court in Santa Fe ruled on Thursday that Meta must pay $567 million into a New Mexico fund for teen mental health prevention and treatm...
- Meta ordered to pay $567 million in New Mexico for teen mental health fundJudge Bryan Biedscheid in Santa Fe ruled the company had created a public nuisance in New Mexico, siding with Attorney General Raul Torrez,...
- Meta apology victory for India's laws, Constitution and Parliament: DubeyMeta apologized for temporarily removing Prime Minister Narendra Modi's Facebook post. This apology was viewed as a victory for India's law...
- Mumbai HC orders Meta, X and Google to take down posts against Nitin Gadkari following lawsuitThe Bombay High Court has mandated an immediate removal of offensive and defamatory posts from social media, labeling them as abusive and o...
- AI data-centre race builds $1 trillion lease burden for Big TechThe commitments show that a substantial part of Big Tech's AI spending spree has already been locked in, without yet appearing as debt-like...
- Meta cut 8,000 jobs. CEO Mark Zuckerberg says AI is creating more work—but not inside MetaMeta's chief executive states artificial intelligence generates jobs via infrastructure demands. Thousands of corporate roles disappeared w...
- What bubble? Amazon enters $3 trillion market cap club, CEO highlights striking AI demandAmazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increase...
- Amazon joins $3 trillion club as AI, cloud growth fuel stock rallyAmazon crossed a $3 trillion market valuation after strong earnings and robust cloud growth reinforced confidence in its AI investments. Sh...
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