The stock market

Market is doing what the market does. It wants certainty. And can change on any news from the administration or other sources.

You can make some real money once you identify the "fake news." That is my favorite time to make money. Remember the dip last year re: end of world tariffs? Easy money.

Watch oil stocks.
 
www.foxbusiness.com

Social media trial verdict: What happens now, how much will tech giants really pay?

The $6 million verdict against Meta and Google in a social media addiction trial could pave the way for a wave of lawsuits, according to a business trial lawyer.
www.foxbusiness.com www.foxbusiness.com

Keep a close eye on this case and others. There are thousands of these cases out there.

A Los Angeles jury on Wednesday found both companies liable for designing addictive platforms for young users, awarding $3 million in compensatory damages and another $3 million in punitive damages.

Monte Mann, a business trial lawyer at Armstrong Teasdale, said appeals are expected, but the larger implications could be far more consequential.

"I think the verdict will immediately be cited in other cases across the country because now plaintiffs have a roadmap of this theory being validated by a jury," Mann told FOX Business.

"The real story here is what comes next," he said. "If this theory holds true across multiple cases, you're no longer talking about millions of dollars, you're talking about hundreds of millions or potentially billions in aggregate liability for these companies."

Large-scale liability often grows from a single breakthrough case, according to Mann.

A key factor in the case was the plaintiffs’ strategy to focus on product design rather than user-generated content.

Instead of challenging what users post, an area largely protected under Section 230 of the Communications Decency Act, the lawsuit targeted how the platforms are built, according to Mann.

"This is a direct hit on Big Tech's core defense that [they're] just neutral platforms. The jury didn't buy that," Mann said.

Google told FOX Business it plans to appeal the verdict.

"We disagree with the verdict and plan to appeal," a company spokesperson said. "This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site."



Watch, if the plan of attack is in "design" this could open up mores cases of "fake news" and left bias "design". That in itself would be outstanding.
 
Such a joke. Society loves to play the blame game rather than take ownership of their dysfunction habits!

From video games to fast food to Facebook. EVERYTHING is marketed and implemented to get a certain demographic hooked. Parents pacify their kids with ipads when they're still in the crib for Christ sake!!!!
 

Latest posts

Members online

Total: 1,334 (members: 3, guests: 1,331)

Latest posts

Fishing Reports

Latest articles

Latest posts

Back
Top