Tech
Antitrust lawsuit dismissal leaps Facebook into exclusive trillion club
A U.S judge has dismissed two antitrust lawsuits against facebook and the company’s share price has stormed to record highs as a result.
Facebook has now joined the ranks of companies valued at over a trillion dollars.
What happened with the anti-trust lawsuit?
In what’s being described as a significant setback to the US government’s efforts to rein in the major tech companies, the two lawsuits were filed by the Federal Trade Commission and another by a coalition of US states.
The Judge in the federal district court in Washington said the agency’s lawsuit was “legally insufficient”
The Judge added that he found the FTC had “failed to plead enough facts to plausibly establish” that the tech giant has monopoly power over the market
The FTC will have 30 days to file a new complaint.
As of today’s market close in the U.S, the company’s market cap is sitting at $1 trillion dollars according to Yahoo Finance.
It’s the first time in history Facebook has hit this high mark…
Some of the most notable of Facebook’s divisions are the Facebook site itself, along with Messenger, as well as Instagram, WhatsApp, and Oculus.
On the list of US tech companies that have passed the $1 trillion mark, Facebook is the only one founded in the 2000s, making it the newest.
Tech
Sam Altman predicts superintelligence could appear by 2028
Sam Altman warns superintelligence may arise by 2028, advocating for global cooperation and a new governing body for AI.
Sam Altman warns superintelligence may arise by 2028, advocating for global cooperation and a new governing body for AI.
OpenAI CEO Sam Altman has issued a bold prediction, suggesting that early forms of superintelligence could emerge as soon as 2028. Speaking at the India AI Impact Summit, Altman emphasised the urgent need for global cooperation to manage AI development responsibly.
He proposed the creation of an international oversight body for AI, similar to the International Atomic Energy Agency, to prevent misuse and ensure ethical advancements. Altman also raised concerns about authoritarian control in exchange for technological gains, highlighting the geopolitical stakes of AI.
With over 100 million users in India alone, ChatGPT has become a key part of the AI landscape. Altman acknowledged potential job disruptions but expressed optimism about society’s ability to adapt to rapid AI changes.
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Tech
Apple faces legal action as West Virginia sues over child safety
West Virginia AG John McCuskey sues Apple for failing to block child abuse material on iCloud and iOS devices.
West Virginia AG John McCuskey sues Apple for failing to block child abuse material on iCloud and iOS devices.
West Virginia’s attorney general John McCuskey has filed a lawsuit against Apple Inc., alleging the tech giant failed to properly prevent child sexual abuse material from circulating on iCloud and iOS devices. The legal action claims the company’s strong stance on user privacy may have come at the expense of child safety protections.
McCuskey argues that other major tech firms, including Google and Microsoft, have taken stronger steps to detect and remove such content. The lawsuit intensifies scrutiny on how Silicon Valley balances encryption, privacy, and online safety.
The case could have major implications for Apple’s privacy-first branding and how platforms police illegal material moving forward.
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Tech
Zuckerberg testifies on social media addiction and child safety
Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.
Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.
Meta CEO Mark Zuckerberg, is testifying at a landmark social media trial in Los Angeles, marking a pivotal moment in the debate over online child safety. Lawyers for the plaintiffs argue that Meta intentionally designed its platforms to be addictive, putting young users at risk.
This is the first time Zuckerberg has addressed concerns about child safety directly before a jury, with KGM’s case acting as one of around 20 test trials aimed at gauging how jurors respond to claims that social media companies knowingly fuel harmful engagement.
The outcome could set the tone for future litigation against tech giants and reshape how platforms are designed, regulated and held accountable.
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