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Big Tech's Day of Reckoning: What the Meta and Google Verdicts Really Mean

In the span of just 48 hours this week, two separate juries in two different US states delivered verdicts that could reshape the entire social media industry — not because of the dollar amounts involved, but because of what those verdicts legally establish for the first time. On Tuesday, March 24, a jury in Santa Fe, New Mexico ordered Meta to pay $375 million for failing to protect children from sexual exploitation on Facebook and Instagram. Less than 24 hours later, on Wednesday, March 25, a jury in Los Angeles found both Meta and Google (YouTube) liable for engineering addiction in young users — finding them negligent in the design of their platforms and awarding a further $6 million in damages. Two days. Two states. Two juries. Both pointing at the same conclusion: that Big Tech can no longer hide behind the legal shields it has relied on for nearly three decades. This is the story of what happened, why it matters far beyond the headline numbers, and what comes next for the s...

Amazon to open a digital-books library [Report]





Image: Unesco

According to people familiar with the matter, Amazon is in talks with books publishes to open a NetFlix Inc. type service which would allow users to read these books by paying an annual fee. Publishes though do not seem to happy with the idea as it might actually lower the value of the books they feel. Amazon on the other hand seems to be pushing this more for older tittles. This however will benefit readers as they get to choose what they want to read and rent it our for a few days. Users can browse through the library content and take their time in selecting books they would like to read. However how will this benefit publishers., with sales of real books falling and the sale of e-books rising. Publishers it seems are not attracted to such a proposition and would rather that people actually go out and by their books. which also makes a lot of sense as some effort should be involved in getting nice books. This also leads to word of mouth sales and the whole thing associated with buying and reading good books. What do you think about such an idea please share your thoughts in the comments section below.



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