Instagram chief says he does not believe people can get clinically addicted to social media [BNN Bloomberg (Canada)]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: BNN Bloomberg
The question of addiction is a key pillar of the case, where plaintiffs seek to hold social media companies responsible for harms to children who use their platforms. Meta Platforms and Google's YouTube are the two remaining defendants in the case, which TikTok and Snap have settled. At the core of the Los Angeles case is a 20-year-old identified only by the initials “KGM,” whose lawsuit could determine how thousands of similar lawsuits against social media companies would play out. She and two other plaintiffs have been selected for bellwether trials — essentially test cases for both sides to see how their arguments play out before a jury. Mosseri said it's important to differentiate between clinical addiction and what he called problematic use. The plaintiff's lawyer, however, presented quotes directly from Mosseri in a podcast interview a few years ago where he said the opposite, but he clarified that he was probably using the term “too casually,” as people tend to do. Mosse
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META
News
- Instagram CEO Adam Mosseri defends platform in landmark trial over social media harms [MSNBC.com]MSNBC.com
- Instagram chief compares 'addictive' platform to Netflix binge-watching during trial testimony: report [FOX Business Network]FOX Business Network
- WhatsApp Says Russia Has Tried to Block Its Messaging Service [Yahoo! Finance Canada]Yahoo! Finance Canada
- Pittsburgh parents watch trial over claims social media platforms are harmful to kids [CBS News]CBS News
- Instagram chief says he does not believe people can get clinically addicted to social media [Yahoo! Finance Canada]Yahoo! Finance Canada
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 2/11/26 - Form 4
- 2/10/26 - Form 144
- 2/9/26 - Form 144
- META's page on the SEC website