Morning Brew Daily States Go After Meta for Addictive Features & Is Bitcoin Back?
Oct 25, 2023
Dive into the legal battle with Meta, as 42 states challenge the addictive nature of Instagram and its impact on teens' mental health. Meanwhile, Bitcoin's resurgence sparks discussions about future market accessibility. The podcast also highlights Spotify's surprising profitability, driven by smart cost-cutting. Additionally, explore the implications of global events on investments and a humorous look at art mishaps, featuring the infamous Ronaldo bust. Plenty of insights packed into a lively conversation!
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Knicks Jersey Patch
- The New York Knicks will have the Sphere in Las Vegas as their jersey patch sponsor.
- This is synergistic since James Dolan owns both the Knicks and the Sphere.
Meta Sued
- 42 states sued Meta, alleging Instagram's addictive features contributed to a teen mental health crisis.
- The lawsuit claims Meta knew of the harm based on internal research, revealed by whistleblower Frances Haugen.
Bitcoin ETF Hype
- Bitcoin surged above $35,000 for the first time since May 2022, driven by anticipation of spot Bitcoin ETF approvals.
- This would make Bitcoin more accessible to investors through traditional brokerage platforms.
