US states sought $1.4-trillion before trial. Meta Platforms settled for $18-billion and its shares went up.
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Meta has settled US claims for $16.7-billion, agreeing to child curfews. Whether they reach other markets is unclear.
Researchers who advised Australia’s roll-out of a social media ban say the ban’s first line of defence isn’t working.
Section 189 protects against retrenchments in South Africa. But natural attrition needs no consultation, and AI is accelerating it.
South Africa doesn’t need to copy/paste the Australian ban, but it does need a coherent national strategy for child safety online.
It’s rare for corporate brands to become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
Snapchat’s social media app is adding users at a faster clip, reaching more than 750 million per month.
Instagram appears to be copying another up-and-coming social media competitor: BeReal, a popular photo app.
Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
Does Facebook’s declining relevance with teenagers really pose an existential threat to the company? By Conor Sen.