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Science & Tech 5 months ago
Meta ordered to pay $375 million after being found liable in endangering children
The verdict came after roughly a day of deliberations following a six-week trial in which the state accused Facebook and Instagram's parent company of failing to protect minors from sexual abuse, online solicitation and human trafficking.
Americas 9 months ago
Meta shut down internal research into mental health effects of Facebook, Instagram
In a 2020 research project code-named “Project Mercury,” Meta scientists worked with survey firm Nielsen to gauge the effect of “deactivating” Facebook and Instagram, according to Meta documents obtained via discovery. To the company’s disappointment, “people who stopped using Facebook for a week reported lower feelings of depression, anxiety, loneliness and social comparison,” internal documents said.
Tech 10 months ago
Meta, Oracle turn to massive debt to finance AI race
On a day when Facebook-parent Meta's share price plunged on the heels of disappointing quarterly earnings, demand for its bonds was reportedly four times greater than supply in a market keen to hold the social networking titan's debt.
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