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...
Pete Cashmore It is being rumored at SXSW that CNN will acquire Mashable. This according to Reuters blogger Felix Salmon. The announcements he says according to one insider is going to be announced on March 12. The deal he says is upwards of 200 million and is quiet big a deal considering that previous deals ended in tears especially the one when AOL bought TechCrunch. Mashable however is known by the masses and rose to fame covering Social Media. The blog has over 50 million monthly page-views and whose regular followers login at least once a day. This will be a huge deal - this marriage of old and new media. So we need to wait and see if this really is true and Felix seems quit confident about it you can see from the video below. The Blog was founded by Pete Cashmore in his home in Aberdene, Scotland in 2005. This blog has changed the entire landscape of social media with its constant cheer-leading of social media and related markets that have emerged. From a one-man writer blog t...