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U.S. school district blames social media for worsening mental health among students

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2 years ago

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Seattle’s public school district has filed a lawsuit, which claims social media is driving poor mental health

Students are suffering from a mental health crisis spurred by big tech, according to a lawsuit filed by the Seattle public school district.

It claims the school’s ability to educate has been impacted by the mental health crisis.

The lawsuit was filed against Alphabet, Meta, and ByteDance—the parent companies of Google; Facebook; and TikTok respectively.

The U.S. District Court heard the social media companies purposefully designed their platforms to lure younger people, and are behind a rising mental health crisis in the U.S.

Schools have reportedly been forced to take additional steps to train teachers, and work with students to alleviate their mental health concerns.

“Defendants have successfully exploited the vulnerable brains of youth, hooking tens of millions of students across the country into positive feedback loops of excessive use and abuse of Defendants’ social media platforms,” the lawsuit said.

In emailed statements to Reuters, Google said it has introduced “strong protections and dedicated features to prioritize their well being.”

The lawsuit seeks compensation for monetary damages and other penalties.

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What to expect for IPO markets

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22 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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