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Stock impact report

'We're having a moment' - fear and denial in Silicon Valley over social media addiction trial [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
Meta boss Mark Zuckerberg was on Capitol Hill on Thursday meeting Senate Majority Leader John Thune, but did not respond to questions from reporters on the social media trial [Getty Images] Silicon Valley is reeling from the seismic verdict delivered by an LA jury on Wednesday. Tech giants Meta and YouTube were found to be liable for designing their platforms to be addictive, which harmed a 20-year-old's mental health. The plaintiff at the heart of the case was only known by her first name Kaley, and after nine days of deliberation, the jurors agreed with her on all counts. Some in the tech world have sought to downplay this case's impact, while others fear it's the beginning of a public reckoning that poses a threat - potentially an existential one - to US social media companies. As one insider who asked not to be identified told the BBC, "we're having a moment". The view from inside Meta The verdict has forced those inside the companies to grapple with the fact that m Show less Read more
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