TLDR · BIG TECH & STARTUPS

META AND YOUTUBE LOSE LANDMARK SOCIAL-MEDIA ADDICTION TRIAL

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Summary from the TLDR newsletter

Meta and YouTube have been found negligent for operating a product that harmed kids and teens and failed to warn about those dangers. The companies have been ordered to pay $3 million to the plaintiff of the trial, with the jury saying that they should pay another $3 million in punitive damages. Both companies plan to appeal the verdict. More than 3,000 similar lawsuits against Meta, YouTube, Snapchat, and TikTok are pending in California courts.