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

reuters.com

471–480 of 503 posts

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

#471

Earlier quoted context omitted.

>Your comment history suggests you should heed your own advice about engaging with others in better faith. Why? Again, I'm not complaining. >Fwiw the other person deliberately ignored the obvious point of my comment so blatantly that my response was about as nice as it deserved. You were already being painfully obtuse

[flagged]

You're projecting.

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

#472

So should information be free to everyone or do we need to protect children from things they are not developmentally able to handle yet? It seems like a lot of the people praising this decision think the same thing is evil when applied in other contexts.

The question is, if social media isn't regulated or banned for children. Why are all the other thing we don't let children do still regulated/banned.

If a 6 year old can scroll TikTok surely they should be allowed to get a couple of shots at the bar?

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

#473

I can’t wait for the equal coal reckoning. What is it 20k direct deaths a year? 2 million early deaths? The Great Barrier Reef 100% dead after this El Niño. A deliberate cover up of the science? In a top 10 harmful corporation list meta wouldn’t make my cut.

My pet peeves are junk food corporations. Companies like Mac Donald's or Coca Cola have been extremely damaging in terms of public health. And the level of marketing they use to feed people (especially kids) their poison is insane. I know it's pretty unpopular as it can be seen by some as an attack on US culture, but definitely more damaging than Meta in my opinion.

In the UK there are fairly strong rules against advertising junk food to kids.

Of course these are all being subverted on social media because of Meta et al. being uncooperative and pretending they can't identify kids (they know the real age of most accounts even without having to do ID checks).

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

#474
post #342

It's been eye-opening to watch people fall for the "social media is hurting the children" scam. The best and largest observational studies don't show a strong correlation. Studies with an intervention are mixed/the effect isn't large. Extreme and compulsive social media use is bad, but it's almost maybe always a symptom rather than a cause. I saw the trailer for the new Facebook movie last weekend. It's comical reall…

I think you are conflating "the best data we have" with "sufficient data to prove something". I agree with you that the best data we have is inconclusive. Which doesn't mean social media is totally safe. Also it doesn't mean it's totally dangerous. It means there just isn't enough data to let science guide the decision. Science is very slow and very expensive. So since I can't wait another century for their to finall…

I agree with you that nothing has been proven either way. But I would say that, because people hate social media so much, we should perhaps be a little skeptical of claims that it causes harms. It's very easy to believe "X thing I hate" causes harm, even when the evidence is not solid.

> So since I can't wait another century for their to finally be good science about social media, I have no choice but to go with my gut.

Doing nothing seems fine!

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

#475

Technically does this not create a problem for their EPS because of the poor free cash flow? Current market consensus is $81B in Net Income for the year but a -$6.7B cashflow for 2026[1]. But the stock is up 1%. So, is the -$12B is priced in(somehow)? [1]( https://www.marketscreener.com/quote/stock/META-PLATFORMS-IN... )

It is over 10 years, so cash flow impact is ~1.8b per year if it was equal installments. Given that 30% is conditional on TikTok and YouTube agreeing to similar controls and paying similar amounts and other payment terms the number might be even lower for 2026.

Share prices are weakly correlated to news events anyway, if you ask the professionals they would say it was already "priced in" that is why a news event is not moving the stock when it doesn't move, and when it does move they will it is news event causing the move.

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

#477

Earlier quoted context omitted.

If you inhale the smoke, it's quite irrelevant whether smoking an industrial cigarette, pipe or a hand-crafted cigar without additives. You'll probably get lung cancer anyway if you continue it long enough. Smoke is always carcinogenic. I don't really get the point when there are many ways of getting nicotine without the smoke.

You're not wrong about smoke always being bad--there's a reason American Spirits have to have a disclaimer about "additive-free" not meaning healthier. Tobacco takes up alpha emitters from the soil and leaves them in your body--never good. Pipe and cigar smokers are much less likely to smoke a pack's worth of tobacco a day. You also don't inhale them into your lungs, you hold the smoke in your mouth. Smoking cigarett…

Fun fact: the stress that smoking cigarettes relieves is only the stress caused by the addiction/relapse from nicotine. Surely, there might be some placebo effects going on, but nicotine is not a stress relieving chemical.

So really it is just about getting nicotine, but over time the ritual around the addiction adds to the addiction.

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

#478
post #70

Earlier quoted context omitted.

I agree, I should be allowed to give children my amazing crystal meth, it's such an untapped market.

There's a law against that. There's currently no law against making a website so fun that kids will waste all their time playing with it if their parents let them.

And how did we create the law against giving children crystal meth in the first place? At a certain point in time, there was no law against it.

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

#479
post #342

It's been eye-opening to watch people fall for the "social media is hurting the children" scam. The best and largest observational studies don't show a strong correlation. Studies with an intervention are mixed/the effect isn't large. Extreme and compulsive social media use is bad, but it's almost maybe always a symptom rather than a cause. I saw the trailer for the new Facebook movie last weekend. It's comical reall…

That's definitely why they chose to settle.

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

#480

I can’t wait for the equal coal reckoning. What is it 20k direct deaths a year? 2 million early deaths? The Great Barrier Reef 100% dead after this El Niño. A deliberate cover up of the science? In a top 10 harmful corporation list meta wouldn’t make my cut.

My pet peeves are junk food corporations. Companies like Mac Donald's or Coca Cola have been extremely damaging in terms of public health. And the level of marketing they use to feed people (especially kids) their poison is insane. I know it's pretty unpopular as it can be seen by some as an attack on US culture, but definitely more damaging than Meta in my opinion.

Completely agree. Talk about designing for addicted kids
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