Saw this on Blossom and thought this was pretty significant from an investing perspective
A U.S. jury found Meta and YouTube liable in a case arguing their platforms were intentionally designed to be addictive (infinite scroll, autoplay, notifications, etc.). The plaintiff was awarded $3M, with punitive damages still to be decided.
If this holds on appeal, it could force real changes to core engagement mechanics, which are basically the foundation of ad revenue for these platforms.
Feels like a potential βBig Tobaccoβ moment for social media if regulation follows.
π¨ Meta and YouTube found liable in social media addiction case, potential implications for business models
byu/kabirsbhutani ininvesting
Posted by kabirsbhutani