
Meta Sued by Dozens of AGs Claiming Platforms Get Kids Addicted 10/24/23
CNBC's "Last Call"
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Attorneys General Sue Meta for Exploiting Young Users
A bipartisan group of attorneys general are suing Meta, the parent company of Facebook and Instagram, for alleged exploitation of young users. The lawsuit addresses the negative impact of Meta's algorithms and design features on mental health and children's privacy, and seeks to impose penalties and restitution. The chapter also discusses Meta's use of AI in ad targeting and their expected revenue growth, while highlighting the better-than-expected earnings of Snap.
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