Economy Mar 24 Epic Games lays off more than 1,000 employees as Fortnite engagement slows The North Carolina-based video game publisher said in a memo to employees that the job cuts are not related to artificial intelligence. Rather, they stem from industry-wide challenges such as slower growth, weaker spending and tougher cost economics.
Nation Mar 20 Jury finds Musk misled investors during Twitter takeover, absolves him of some fraud claims A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud…
Nation Mar 12 Lawyers deliver closing arguments in landmark social media addiction trial After about a month of hearing from addiction experts, therapists, platform engineers and executives, including Mark Zuckerberg, 12 jurors are listening to closing arguments before deciding whether social media companies should be liable for harms caused to children using their…
Nation Mar 04 Musk defends himself against accusations of misconduct prior to Twitter takeover A defiant Elon Musk on Wednesday took the stand in a jury trial to defend himself against accusations that he engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion…
Nation Feb 26 Instagram says it will notify parents if teens 'repeatedly' search for terms related to suicide The alerts will only go to parents who are enrolled in Instagram’s parental supervision program.
Nation Feb 18 Mark Zuckerberg set to testify in watershed trial testing social media addiction claims The unprecedented social media trial questions whether Meta's platforms deliberately addict and harm children. Bereaved parents are expected to be in the limited courtroom seats available to the public.
Health Feb 11 Instagram chief says he does not believe people can get clinically addicted to social media Adam Mosseri, the head of Meta's Instagram, testified Wednesday during a landmark social media trial in Los Angeles that he disagrees with the idea that people can be clinically addicted to social media platforms.
Nation Feb 09 Landmark trial accusing tech giants of harming children with addictive social media begins The world's biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements for the first, in Los Angeles County Superior Court, began on Monday.
Nation Feb 06 Savannah Guthrie's demand for mom's 'proof of life' is complicated in this era of AI and deepfakes When Savannah Guthrie made a heart-wrenching plea to the kidnapper of her 84-year-old mother to send “proof of life,” she addressed the possibility of people creating deepfakes.
Economy Dec 18 TikTok signs deal to sell U.S. unit to American investors, including Oracle and Silver Lake TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States.