On Bloomberg This Weekend, California Attorney General Rob Bonta spoke about leading a coalition of states in a landmark lawsuit against Meta. Prosecutors accuse the social media company of designing its apps to deliberately addict young users. https://t.co/MKJsrK6tVi ...

On the latest episode of Equity podcast, we discuss why not everyone is buying Zuckerberg’s vision.https://t.co/96A06GKXm8 ...

Is this social media’s “big tobacco” moment? Ahead of opening statements this week in the multistate federal trial against Meta, California @AGRobBonta says, “We are not interested in putting them out of business. We are interested in ending the harmful, unlawful features that hurt kids.” ...

Industry Perspective and Strategy - Meta Chief Executive Officer published a 6,500-word letter outlining the strategic vision for achieving a positive artificial intelligence future [1] Market Trends and Risk Analysis - Technology sector analysts evaluated the core industry argument regarding the potential of artificial intelligence to eliminate most jobs and human relevance [1] - Technology firms face critical strategic inquiries regarding the acceleration and urgency of developing advanced artificial intelligence capabilities given existential risks [1]

The news doesn’t stop when markets close. Hosts Joe Mathieu, Carol Massar and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Rep. Byron Donalds (R- FL), Rob Bonta, California Attorney General, Vice Admiral Robert Hayward, Fmr. CENTCOM Deputy Commander, Jennifer Lee, BMO Capital Markets Senior Economist, Jen Gavito, Fmr. Deputy Asst. Secretary of State, Ben Wikler, Author of “This is the Plan”, and Olivia Ferney, Luxury Travel & Event Ex ...

Mark Zuckerberg should have finished Harvard. >> [laughter] >> Cuz if he had just completed the course of his studies in the humanities, he would have may- maybe realized that he was having like third-year soch level thoughts about the world. >> were to boil Zuck's manifesto down to one big idea, it's that he believes that giving everyone access to the best possible AI is a good thing on its face.Right. He talks about checks and balances. He talks about democratization.He has this idea that no one should be ...

This is a pretty tough case, and you're accusing Meta of using technology to do harm. Does this have to do with the algorithm that is the basis of Facebook and Instagram, or is it more nuanced than that. Well, it has to do with the design of their products, both Facebook and Instagram.They designed their product to be dangerous. They knew that it was dangerous, and they liked the public. And the design includes the algorithmic feed.It includes beeps and alerts, likes, infinite scroll, autoplay, ephemeral co ...

Everyone's like, "Oh, we have to do Tik Tok and Reddit." There comes a time and place to add in a million things. Because if you do a million channels and you do them all poorly, it's not going to help you out. I say there's the core three of any acquisition engine.You have met Google and life cycle because you have your strong video intent platforms both in meta and like YouTube ads. You have the search intent of like people not knowing your product exists, but they're searching for something, right. Via t ...

Market Trends and Historical Comparisons - Historical market crashes include the dot-com bubble in 2000 with a Nasdaq drop of 77 percent, the housing crisis in 2007 with an S&P drop of 57 percent, and the market correction in 2015 with an S&P drop of 22 percent [1] - The current market anticipates a potential AI bubble peak by the year 2026 [1] - A simultaneous decline across major technology firms including Apple, Nvidia, Amazon, Microsoft, and Meta could rapidly drive the S&P 500 index down to 6,000 [1] Investment Risks and Valuation - Upcoming initial public offerings from major entities such as SpaceX, Anthropic, and OpenAI are projected to coincide with peak market greed and maximum valuations [1] - Current market rallies may represent a precarious period preceding a significant economic collapse and the creation of exit liquidity [1]

Meta faces a landmark federal trial brought by 29 states over allegations that Facebook and Instagram were deliberately designed to addict young users and that the company improperly collected children’s data. Bloomberg News Tech Reporter Alexandra Levine joins Joe Mathieu and Carol Massar on Bloomberg This Weekend to explain that the case could expose Meta to substantial penalties and potentially more consequential court-ordered changes to how its platforms operate. -------- More on Bloomberg Television an ...