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Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins

Meta Faces Unprecedented Legal Reckoning Over Youth Mental Health As Massive Multistate Trial Begins Meta Platforms is facing a critical juncture in its battle over youth online safety. Just weeks after suffering a massive legal defeat in New Mexico, the parent company of Facebook and Instagram is now defending itself in a California federal court against a bipartisan coalition of 29 states. The states say Meta deliberately designed its platforms to addict children and harvested their data in violation of federal law. The California Showdown A sweeping multistate trial opens Tuesday in...
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May 6, 2026 / Tyler Durden
'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee
'We Need People To Come Back': Dubai's Tourism Industry Reels As Foreigners Flee Via Middle East Eye Dubai is facing an existential crisis with the US and Israeli war on Iran forcing tourism numbers to fall sharply, with widespread hotel closures and job losses decimating the global tourism hotspots' hospitality sector. On Monday, Dubai Airports reported that first-quarter passenger traffic was down by at least 2.5 million from the same period in 2025, with March seeing a 66 percent drop in passenger numbers as travelers chose to steer clear of the Gulf.  Empty beds are pictured before high-rise buildings along a beach...
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Apr 27, 2026 / Tyler Durden
OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid
OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid Earlier today, when previewing this week's earnings by the Mag 7 which account for over $10 trillion in market cap set to report Q1 results after the close on Wednesday, Goldman's Delta-One head Rich Privorotsky said that "Equities are being driven by one thing…AI spend", and warned that "it's hard not to respect the strength of the AI bid, but the velocity has been extreme. The upside surprise vs expectations has almost entirely come from AI...
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Sep 28, 2026 / Tyler Durden
Saylor Outlines 'Bill Of Digital Rights' To Help Build Prosperity In Future Economy
Saylor Outlines 'Bill Of Digital Rights' To Help Build Prosperity In Future Economy Authored by Michael Millard via Cointelegraph, Michael Saylor, co-founder of Strategy, said that an age of digital assets and intelligence needs a "bill of digital rights," rather than restrictions. An age of AI can increase production, but it needs better money and capital markets to realize its potential, according to an essay that Saylor, executive chairman of world's largest corporate Bitcoin holder, posted on X Saturday. A useful framework for digital assets should establish five fundamental rights, or freedoms, Saylor...
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