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Social media addiction lawsuit against Meta is dropped
TechCrunch13d agobearish
Social media addiction lawsuit against Meta is dropped

A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.

Meta layoffs take disturbing turn in new lawsuit
TheStreet21d agobearish
Meta layoffs take disturbing turn in new lawsuit

There’s no sugarcoating it; getting laid off is awful. But if you've been following the news, it feels like tech workers are being laid off left and right. Here’s what one Reddit user, who was recently laid off from an account executive role at a tech company, had to say on the r/Layoffs subreddit: ...

Meta business model in trouble from $1.4 trillion lawsuit
TheStreet27d agobearish
Meta business model in trouble from $1.4 trillion lawsuit

If you have ever caught yourself doom scrolling on Instagram or Facebook for hours on end and felt bad, don't; the technology is working exactly how it was intended to. Everything from the length and style of the Reels to the algorithms' encyclopedic knowledge of your likes and dislikes is designed ...

Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit
Yahoo Finance Video28d agobearishVIDEO
Eli Lilly price target boost, Vertex-Crinetics deal, Meta's new social media lawsuit

Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including JPMorgan analysts raising their price target on Eli Lilly (LLY) stock, Vertex Pharmaceuticals' (VRTX) acquisition of Crinetics (CRNX), and the possible $1.4 trillion lawsuit that multiple states are now suing Meta Platforms (META) for.

Italy regulator drops investigation into Meta's WhatsApp AI bot
Reuters57d agobearish
Italy regulator drops investigation into Meta's WhatsApp AI bot

Italy's competition authority ‌said on ‌Monday it had dropped ​an investigation into Meta Platforms over allegations the company ‌abused its ⁠dominant position by installing its ⁠artificial intelligence tool on messaging ​service WhatsApp. The ​investigation ​had been ‌launched in July 2025. The regulator, known as AGCM, said it closed its ‌probe because the ​European ​Commission ​had extended ‌its own investigation into ​the ​same issue to include the ​Italian ‌territory.

Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
Reuters67d agobearish
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay ‌the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as ‌terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks ​before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.