Meta reaches $17B settlement over social media harms to children

Social media is one of the most insidious addictions, it doesn't cost money and your physical health is largely unimpacted. The real impact is on society and the family. My Facebook addict mother could be talking to friends, reading a book, or doing anything mentally/physically/socially productive other than scrolling for hours looking at junk content and AI slop.

A parent of young children could be interacting with their kids and building lasting connections instead of scrolling through tiktok to watch the mommy bloggers interacting with their kids. Or alternatively, setting unrealistic expectations of what a good parent does for their children and basically saying anyone not doing the same is a bad parent. My parents loved me and gave me a great childhood but my working mom wasn't up at 4am making trad wife breakfasts and lunches in the kitchen. My wife likes watching that stuff. I always point out how fancy of a kitchen the trad wife has and that she can afford to spend hours a day baking and cooking because she is wealthy, doesn't need to work a 9-5, and likely has a nanny to take care of the kids while she's filming and editing daily content. These aren't baking recipes being shared, this is content implying that to be a good mother you need to only shop at Whole Foods and bust your ass in the kitchen for hours on end.

A young adult is consuming vast amounts of unrealistic body imagery (whether it's "fitness" influencers or porn) and harming themselves to achieve the same. Sure, a fat and ugly person doesn't attract the same views as fit and pretty person but it turns a dark corner when the algorithm starts pushing ED content.

Grandpa is addicted to false or misleading political feeds to the point where he's near militant in his support for someone that's more interested in leveraging identity politics for power and money than actually helping improving the life of someone like grandpa. I'm still convinced that the vast amount of radical/alarmist traditional and social media my grandfather was fed manifested into depression and contributed to his suicide.

I don't think there needs to be strong limits on the content itself. Maybe some restriction on outright lies if it's not presented as entertainment or fiction. But what needs to happen is some sort of rollback on how good these feed algorithms are. It's not really healthy and no one except the social media companies are truly benefiting at the end of the day.

The share price is essentially always fake, because the ticker price of any given symbol is in a superposition of all possible values until it gets traded. The bigger the trade you try to make, the bigger the shift you directly cause to the value while you're attempting to make the trade.

On the one hand, I think destroying Meta and social media in its current form would be a net good; same with fossil fuel companies.

Though you raise an issue (“what about folks whose livelihoods depend on the harm perpetuated”) rather than reject the premise using such reasoning, which is the absolute right attitude to have. It’s easy to sit on my high horse and tut-tut folks reliant on Facebook Marketplace or Gas Station Convenience Store shifts for their livelihoods, but that’s not helping jack shit. Personally, I believe part of the punishment should be leveraging the fines or damages collected to build social support systems for genuine victims - which includes working class folks who had to choose between starving/homelessness or survival. I lack the policy expertise to make specific pitches, but we do need to keep those folks in mind as a means of learning from Arthur Andersen and Enron: punish those creating the harm, while helping those who were casualties of the collapse but not directly complicit themselves.

It’s hard. It’s complex. Some folks will fall through the gaps due to our abysmal social safety nets. That being said, those numbers are infinitely smaller than the folks harmed by social media in its current form, and thus the trade is a net good.

Using this new problem to justify not addressing the current one is the worst move we could make.