Key insights
- A court ruling found Meta and Google negligent in their platform design, causing harm to young users. This could lead to increased regulation and legal challenges for social media companies, potentially impacting their stock valuations. The negative publicity and potential for stricter regulations create a bearish outlook for these companies and the broader social media sector.
In a landmark decision, Meta and Google were found negligent in the design and operation of their platforms making them hard to resist and causing serious harm to young users. Filmmaker and Director Matthew O'Neill joins David Gura and Christina Ruffini this morning on Bloomberg This Weekend to discuss his film "Can't Look Away: The Case Against Social Media" that chronicles the effects of social media use. Watch the full interview on Bloomberg This Weekend and watch the show LIVE every Saturday and Sunday morning.