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WSJ Tech News Briefing

States Sue Meta Over Alleged Harm to Young Users

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 25 October 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Facebook and Instagram parent Meta, is facing lawsuits from a group of more than 40 attorneys general. The lawsuits claim the social giant built its products with addictive features that harm young users. WSJ reporter Jeff Horwitz joins host Zoe Thomas to discuss the allegations and the company’s response. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:43.0

Welcome to Tech News Briefing. It's Wednesday, October 25. I'm Zoe Thomas for the Wall Street Journal.

0:51.0

Intentionally addictive. That's what a coalition of 41 states and the District of Columbia are alleging in lawsuits against meta-platforms.

1:01.0

They claim the company built its products with features that hooked and harmed young users.

1:06.0

Our reporter Jeff Horowitz is going to join us with a look at those allegations and what the suits mean for the parent company of Facebook and Instagram.

1:15.0

Plus, we're going to look at another meta-product, the reds. The rival to Twitter has seen an influx in so-called power users.

1:23.0

We'll find out what that means for the platform's future.

1:28.0

But starting with earnings news, Google's business grew faster than it has in more than a year as advertisers become more confident in the economy.

1:38.0

Google's parent company Alphabet reported $77 billion in third quarter revenue, up 11% from the same period last year.

1:47.0

This is the third quarter in a row that the company has experienced accelerating growth, following an economic slowdown that briefly caused a rare drop in the company's advertising sales.

1:59.0

Rival Microsoft also reported faster growth last quarter, with demand for its cloud computing services increasing amid enthusiasm around artificial intelligence.

2:10.0

Microsoft's revenue for the three months through September was $56.5 billion, up 13%.

2:19.0

Self-driving car company Crews has had its autonomous vehicle deployment and driverless testing permits suspended by the California Department of Motor Vehicles.

2:31.0

The DMV said Crews' vehicles aren't safe for public operation, and that the company misrepresented information about its technology.

2:40.0

This suspension comes on the back of a safety defect probe launched last week by the National Highway Traffic Safety Administration.

2:55.0

Since Meta launched its rival to Twitter called Threads this past summer, it's worked to find the right balance of content moderation to attract and keep users.

3:06.0

More than 100 million users signed up in less than a week when it started.

...

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