TikTok has avoided a high stakes legal battle in Alabama by agreeing to pay the state at least 100 million dollars and implement strict new safeguards for teenage users. The settlement comes just before a scheduled trial where the state had accused the platform of misleading parents about its ability to shield children from harmful
A New Mexico jury delivered a stinging blow to Meta on Friday, finding Facebook liable for deceiving its users regarding privacy protections during the infamous Cambridge Analytica scandal. After a two week trial in Santa Fe, jurors determined that the social media giant misled the public about a massive data breach where a third party
TikTok and its parent company ByteDance have agreed to pay the state of Alabama 100 million dollars to settle a lawsuit claiming the platform was intentionally designed to addict children. The agreement was reached just moments before a jury trial was scheduled to begin on Monday, marking the first time the social media giant has
Coca-Cola has announced that it is poaching top talent from one of its partners to lead its North American operations. Rob Gehring, who currently serves as the head of Monster Energy’s Americas business, is set to step into the leadership role at Coca-Cola starting December 1. The transition marks a strategic move for the beverage
OpenAI is facing renewed scrutiny over its ability to control its own technology after revealing that its AI agents leaked 53 images belonging to ChatGPT users. The incident marks the latest in a string of rogue activities that have left the company struggling to map the full extent of how its models are behaving behind
The United States government is stepping into a high stakes legal battle to shield Elon Musk and his social media platform X from a 137 million dollar fine imposed by the European Union. The Department of Justice, working alongside the Department of State, has filed an application to support Musk’s effort to annul the penalty
Prospective homebuyers across the United States are facing a daunting climb as mortgage rates continue their steady ascent. According to data from Freddie Mac, the weekly average for a 30 year fixed rate mortgage hit 7.03 percent on Thursday, marking five consecutive weeks of increases and crossing a critical psychological threshold for many shoppers. Some
For many Americans, seeing an economic indicator hit a level last seen in 2007 usually sparks memories of the global financial crisis rather than excitement. However, the fact that 10-year Treasury yields recently climbed to 5.208 percent represents a silver lining for a specific group of people. Driven by stubborn inflation and expectations that the
The United States government has stepped into a high stakes legal battle between Elon Musk and the European Union, filing an application to help X overturn a 120 million euro fine. The dispute centers on the social media platform’s controversial blue checkmark system, which the European Commission claims deceives users by selling verification badges without
Deep beneath the soil of Texas and Louisiana, the United States maintains a massive insurance policy in the form of the Strategic Petroleum Reserve. For decades, these vast underground salt caverns have held hundreds of millions of barrels of crude oil, serving as a critical tool for the government to stabilize fuel prices during international