CIRCLE WITH A DOT

Bloomberg Technology | Meta Funds Gas Plants to Power Mega Louisiana Data Center | Bloomberg Tech 3/27/2026Bloomberg’s Ed Ludlow discusses the impact of the Iran war on markets as the Nasdaq 100 falls into correction territory and Big Tech stocks slide. Plus, Meta is set to fund the construction of seven new natural gas-fired energy plants to fuel its Hyperion data center in Louisiana. And, Anthropic is said to be looking to IPO as soon as October. (Source: Bloomberg)Read more: https://www.bloomberg.com/news/videos/2026-03-27/bloomberg-tech-3-27-2026-video#meta #iran #bigtech #louisiana #ipo

yahoo news | Staggering amount wiped from Mark Zuckerberg's fortune as Meta stock falls after...Meta’s shares slumped nearly 5 percent on Friday, erasing more than $20 billion from Mark Zuckerberg’s net worth after the company suffered two consecutive courtroom defeats. The blows sent Meta’s stock down about 13 percent for the week and stripped roughly $119 billion from its market capitalization, knocking the Facebook and Instagram owner out of the top seven U.S. firms by market value for the first time since 2023. Zuckerberg, who holds roughly a 13 percent stake, saw his fortune fall to $182.5 billion – a $21 billion drop in a single day – making him the biggest loser on the Forbes Real‑Time Billionaires list.The first verdict came from a New Mexico jury that found Meta liable for failing to protect children from sexual predators, imposing $375 million in civil penalties. A day later, a California jury concluded that Meta and Google’s YouTube deliberately engineered addictive app features that harmed a now‑20‑year‑old woman, awarding $4.2 million in damages. Both rulings center on the companies’ design choices that keep kids hooked on platforms such as Instagram, TikTok and YouTube, and they signal a potential “new era in internet litigation” that could open the floodgates for thousands of similar lawsuits.Investors are nervous that these landmark cases could trigger a wave of litigation reminiscent of the tobacco industry’s legal battles, threatening further financial hits for Meta and its peers. The company, along with Google, has announced plans to appeal the decisions, but the pending lawsuits across federal and state courts — alongside a high‑profile case slated for June in California over addictive apps disrupting education — suggest mounting legal exposure for the social‑media sector. The broader implication is a shift away from the historic practice of shielding platforms from liability, as courts increasingly hold them accountable for designs that endanger young users.Read more: https://nypost.com/2026/03/27/business/20b-erased-from-mark-zuckerbergs-fortune-meta-stock-falls-after-back-to-back-court-losses/#markzuckerberg #meta #facebook #instagram #forbes

Bloomberg Technology | Jury Finds Meta, Google Liable for Addiction | Bloomberg Tech 3/26/2026Bloomberg’s Caroline Hyde and Ed Ludlow discuss the jury verdict holding Google and Meta liable for a young woman’s social media addiction. Plus, the case in California was just the start of thousands of similar cases that could lead to impacts on the businesses of social media companies. And Google researchers tout a new compression technique for LLMs and vector search engines, sending shares of memory and storage companies lower. (Source: Bloomberg)Read more: https://www.bloomberg.com/news/videos/2026-03-26/bloomberg-tech-3-26-2026-video#meta #google #california #llms

Children Of Art Blanket – Wear The Peacehttps://wearthepeace.com/products/children-art-blanket------On X they reported that #Meta rejected an advertising clip for this item because of “social issues and politics.” cf. https://x.com/WearThePeaceCo/status/2036902154191933862>> Artwork created by the beautiful children of 100% of profits are donated to Pious Projects*. The funds will be used for Pious Projects’ on-ground team in to supply food, water, medical aid, and other necessities.>> 100% of profits is equal to $10. This is after our costs of manufacturing in the US, garments, screen printing, transaction fees, rush fees incurred for logistics and transit, and warehouse employee wages to ship the items...*) https://piousprojects.org/#WearThePeace #Gaza #palestine #PiousProjects@palestine@lemmy.ml @palestine@fedibird.com

Neue Kolumne:Das aktuelle Verfahren gegen #Meta hat bewiesen: #Facebook & #Instagram stellen absichtlich Profit über #Kinderschutz. Wo liegt die moralische rote Linie der Kommunikations-Abteilungen in #Wissenschaft #Medien #Verwaltung und #Politik? Im Blog von @campact: https://www.campact.de/blog/2026/03/kinderschutz-social-media-meta-tech-konzerne/#DiDay #WissKomm #Jugendschutz #FediEltern #FediLZ

An LA Court's ruling on Meta and Google exposes the real causes of online harms.Engagement-driven design and data-fuelled advertising business models put people at risk.Yet the UK government's approach to online safety has focussed on keeping kids out and locking adults in to toxic platforms.https://www.theguardian.com/media/2026/mar/25/jury-verdict-us-first-social-media-addiction-trial-meta-youtube #onlinesafety #meta #google #youtube #bigtech #socialmedia #ukpolitics #ukpol #BreakBigTech

@Heliograph @RealGene thank you for posting the image. I hadn't seen it from anyone else.

Meta has been found guilty of enabling child exploitation: https://techcentral.co.za/jury-finds-meta-enabled-child-exploitation/279429/?utm_source=MastodonAfrica#Meta #ChildSafety

yahoo news | Meta CEO Mark Zuckerberg appointed to White House advisory councilMeta CEO Mark Zuckerberg has been appointed by President Donald Trump to serve on a new White House science and technology advisory council. The 13‑member panel is tasked with shaping the administration’s policies on artificial intelligence, and it includes other high‑profile tech leaders such as Oracle executive chairman Larry Ellison and Nvidia CEO Jensen Huang. Zuckerberg said he was “honored to join the President’s council and work with other industry leaders to help make this happen,” emphasizing the group’s role in guiding the nation’s AI strategy. The announcement coincided with a high‑profile court ruling in which a jury found both Meta and YouTube liable for contributing to a plaintiff’s addiction to social‑media platforms and subsequent mental‑health issues. The plaintiff, a 20‑year‑old Californian, argued that the companies’ negligence was a substantial factor in her harm, and the verdict underscores growing legal scrutiny of tech firms’ impact on children and young adults. In the same period, Meta disclosed a sizable layoff, trimming hundreds of jobs as part of a broader reorganization. While the cuts reflect ongoing cost‑saving measures, executives have hinted that the company will lean more heavily on artificial‑intelligence technologies moving forward, a shift that aligns with Zuckerberg’s new advisory‑council responsibilities.Read more: https://wjactv.com/news/nation-world/meta-ceo-mark-zuckerberg-appointed-to-white-house-advisory-council#meta #markzuckerberg #whitehouse #donaldtrump

yahoo news | ‘Big Tech invincibility is over:’ Historic social medial addiction ruling agains...A Los Angeles jury has delivered a landmark verdict finding Meta and Google liable for fueling teen social‑media addiction, awarding the plaintiff—a 20‑year‑old identified only as “KGM”—$3 million in damages. KGM testified that platforms such as Facebook and Instagram wrecked her mental health after she became addicted as a teenager, and the jury concluded that the companies acted with malice or egregious conduct. The decision follows nine days of testimony, including direct statements from Meta CEO Mark Zuckerberg and Instagram chief Adam Mosseri, and it opens a second phase of deliberations on punitive damages that could increase the payout dramatically.The ruling is being hailed by critics as a watershed moment that could dismantle the “legal shield” long enjoyed by Big Tech. Advocates such as Sacha Haworth of the Tech Oversight Project and psychologist Jonathan Haidt liken the verdict to a seismic shift comparable to the tobacco industry’s downfall, arguing that social‑media firms will now be treated like any other industry that knowingly harms children. Lawmakers, including Sen. Marsha Blackburn, see the case as a catalyst for the Kids Online Safety Act, legislation aimed at banning targeted advertising to minors and prohibiting data collection without consent. Meanwhile, Meta and Google have each expressed disagreement with the verdict and indicated they will pursue appeals.The Los Angeles decision arrives amid a broader wave of litigation against the two companies, with more than 2,000 pending lawsuits consolidated in a federal multidistrict case and additional state‑level actions slated for June and August. Earlier this month, Meta was fined $375 million in New Mexico for exposing children to online predators, underscoring the mounting legal pressures facing the industry. Legal experts warn that the verdict could open floodgates for further accountability, potentially reshaping how social‑media platforms design and market their products to younger users.Read more: https://nypost.com/2026/03/25/business/historic-social-medial-addiction-ruling-against-meta-google-could-open-legal-floodgates/#losangeles #meta #bigtech #techoversightproject

Two losses for #Meta in two days! Fuck corporate social media https://www.theguardian.com/media/2026/mar/25/jury-verdict-us-first-social-media-addiction-trial-meta-youtube

The Guardian | Big tech reckoning: Meta fined $375m in landmark case – The Latest by Presented by Lucy Hough with Katie McQue ; producer Bryony Moore ; senior producer Ryan Ramgobin ; lead producer Zoe HitchA court in the US has ordered Meta to pay $375m after a jury found that the company, which owns Facebook and Instagram, enabled harm including child sexual exploitation on its platforms. The landmark victory marks the first time the social media corporation has been successfully sued by a US state over child safety issues. Could it set a new precedent for holding big tech to account? Lucy Hough speaks to the investigative reporter Katie McQue. Continue reading...Read more: https://www.theguardian.com/technology/video/2026/mar/25/big-tech-reckoning-meta-fined-375m-in-landmark-case-the-latest#meta #bigtech #landmarkcase #childsafety #socialmedia

qwant news | Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly 'metaverse' pushMeta is laying off several hundred employees across key divisions—including Facebook and its Reality Labs unit—as the company restructures for an artificial‑intelligence‑focused future. The cuts come as Meta pulls back from its costly metaverse push, after pouring tens of billions into virtual‑reality hardware and software with limited payoff. By shifting resources toward AI and wearable technology, the firm hopes to chase faster growth and clearer returns as demand for VR headsets cools and investor enthusiasm fades.CEO Mark Zuckerberg is driving the AI transition, saying earlier this year that 2026 will be “the year that AI starts to dramatically change the way that we work.” Teams are being flattened and AI tools are being deployed to boost productivity, with some affected staff offered alternative roles—though a few positions may require relocation. The latest lay‑off follows earlier reductions, including roughly 1,500 jobs eliminated in Reality Labs in January and a 5 % cut of the company’s lowest‑performing employees last year. Rumors that Meta could axe up to 20 % of its workforce this year have been dismissed as speculative.Meta is also ramping up its AI‑related spending, projecting $115 billion to $135 billion in capital expenditures for the year—a roughly 75 % increase over the prior period—largely earmarked for data centers, servers and other infrastructure needed to power advanced AI systems. Operating expenses are expected to rise about 40 % as higher compensation is offered to attract technical talent. Since the start of the year the company’s shares have fallen nearly 10 %, trading around $598 per share at mid‑day Wednesday.Read more: https://nypost.com/2026/03/25/business/meta-is-laying-off-more-workers-these-departments-are-being-impacted/#meta #markzuckerberg #realitylabs #ai #virtual-reality

@Jonasdahl Nej, der er ingen moralsk grænse. Etik er ikke noget, der kan måles og vejes på en logisk måde. Det er noget der besluttes i flok... Det er Epstein, #MeToo , klimakrisen osv osv gode eksempler på.

#Meta and #YouTube found liable in social media addiction trial https://edition.cnn.com/2026/03/25/tech/social-media-addiction-trial-jury-decision

@noybeu Good luck!

Mangelnder Kinderschutz: Meta zu Strafe von 375 Millionen Dollar verurteiltDem Facebook-Mutterkonzern Meta wird immer wieder vorgeworfen, junge Nutzer nicht ausreichend zu schützen. Ein US-Gericht hat nun eine Millionenstrafe verhängt: Der Konzern täusche bei der Sicherheit seiner Plattformen.️ https://www.tagesschau.de/wirtschaft/unternehmen/urteil-meta-kinderschutz-100.html?at_medium=mastodon&at_campaign=tagesschau.de#USA #Meta #Facebook #WhatsApp #Instagram #Urteil

#Meta was just found guilty and only fined $375 million?Another slap on the wrist...If you need proof:"Meta shares were up 0.8% in after-hours trade following the verdict. The state had asked the jury to award ​more than $2 billion in damages."https://www.reuters.com/sustainability/boards-policy-regulation/jury-orders-meta-pay-375-mln-new-mexico-lawsuit-over-child-sexual-exploitation-2026-03-24Pretty weird when a legal win against a Mega-Corporation feels like that 🥲Well there are always all the other current cases and potential next cases against them :))#news #Facebook #Instagram #WhatsApp #Stock #Tech #USA

NPR Topics: News | New Mexico jury says Meta harms children's mental health and safety, violating state law by The Associated PressThe jury agreed that Meta engaged in "unconscionable" trade practices that unfairly took advantage of the vulnerabilities of and inexperience of children. Jurors found there were thousands of violations, each counting separately toward a penalty of $375 million.(Image credit: Jim Weber/Santa Fe New Mexican)Read more: https://www.npr.org/2026/03/24/g-s1-115019/new-mexico-meta-children-mental-health#newmexico #meta #children #mentalhealth #statelaw

@Nonilex It's often the cover up, not the crime that gets companies in trouble.