Seattle’s public school district filed a lawsuit against Big Tech claiming that the companies were responsible for a worsening mental health crisis among students and directly affected the schools’ ability to carry out their educational mission, according to Reuters. The complaint, filed on Friday against Alphabet (GOOGL), Meta Platforms (META), Snap (SNAP), and TikTok-owner ByteDance with the U.S. District Court, claimed they purposefully designed their products to hook young people to their platforms and were creating a mental health crisis, the publication says. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GOOG:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- TikTok Halts Hiring as Security Concerns Mount
- Google Cloud forms strategic alliance with Government of Kuwait
- Alphabet price target lowered to $160 from $186 at Tigress Financial
- OpenAI in talks for tender offer that would value company at $29B, WSJ says