Prosecutors Probing Meta for Role in Drug Sales

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 18 March 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meta may be in legal hot water again. U.S. prosecutors in Virginia have been serving subpoenas and asking questions in a criminal grand jury probe. The probe is looking into whether Meta’s social media platforms are facilitating and profiting from the illicit sale of drugs, according to documents and people familiar with the matter. WSJ reporter Salvador Rodriguez tells host Alex Ossola what might result from the probe, and what it could mean for Meta and its users. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OCI at Oracle.com
0:15.5	slash Wall Street.
0:17.2	Welcome to Tech News Briefing. It's Monday, March 18th. I'm Alex Osala for the Wall Street Journal.
0:27.0	Coming up on today's show, an obscure tech company called Super Micro Computer has made servers for 30 years. It's grown to a more than 60 billion
0:36.4	dollar company and today it's joining the S&P 500. We'll find out what's next for Super Micro from W.S.J.
0:44.3	Semiconductor's reporter Aisa Fitch.
0:47.6	And then, federal authorities have launched a probe into Meta for its role in illicit drug sales on its platforms.
0:54.4	W.S.J reporter Salvador Rodriguez joins us to talk about what we know about the
0:59.2	investigation and how it could impact the company.
1:07.0	But first, Invidia isn't the only company that has profited from the artificial intelligence boom.
1:12.0	Super Microcomputer based in Silicon Valley has seen its
1:15.3	share value increase more than 12 fold in the past year. And today, Super Micro is joining the
1:21.6	S&P 500.
1:23.2	W.S.J. Semiconductor's reporter Aisa Fitch is here with more.
1:27.2	Aisa, what has gotten Super Micro to this point?
1:29.9	Why is this happening now?
1:31.6	AI is why it's happening now.
1:33.7	The company really sees the AI moment,
1:37.1	which started around late 2022,
1:39.5	and has just gone up and up and up.
	...

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