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...
YouTube has reportedly paid $100 million to bring a 100 new channels to YouTube. The Channels will all host original content and brings with it the star power of Hollywood. YouTube will be able to recover the money through Ad Sales it is said. The channels will include popular media from Reuters, the WSJ, Slate, The Onion, Ashton Kutcher, and Shaquille O'Neal. The advance has been laid out with these content creators and in the near future we can hope to see a lot more entertaining stuff on YouTube. According to reports many of these channels are likely to be launching next month and continuing through 2012. This will definitely increase viewership and not to mention ad spending dollars by companies seeking to get mileage out of it. YouTube has launched a lot of initiatives to help out original video content creators as more and more ad spending goes to videos. With all the tablet devices available it is only reasonable to assume that a lot of time is spent in consuming videos.
Via: LATimes
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