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Is Social Media Big Tobacco 2.0? Suits Over the Impact on Teens

Is social media to blame for the decline in teen mental health? Hundreds of lawsuits argue that they are. But can the claims get past Section 230, big tech's legal shield? In this video, we look at the fight over social media's impact on teens.

Fintech SoLo Funds Forced Customers to Make Donations, CFPB Says

Online lending platform SoLo Funds Inc. forced customers to pay tips and make donations without giving them an option to avoid such payments, artificially inflating the costs of the low-cost loans it advertised, the Consumer Financial Protection Bureau said.

TikTok Parent Seeks to Fast-Track Suit Over US Divest-or-Ban Law

China-based <-bsp-bb-link state="{"bbHref":"bbg://securities/1774397D%20CH%20Equity","_id":"0000018f-885c-de3b-adcf-daffba880000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban.

Social Media a ‘Double-Edged Sword’ for Students, Judge Says

A California federal judge overseeing hundreds of lawsuits from public school districts against popular social media companies on Friday said the platforms are a “double-edged sword” that might be valuable for some students but cause real harm to others.

Spotify Hit With Royalties Lawsuit From Licensing Collective

Music streaming behemoth Spotify USA Inc. re-categorized its premium subscription service in such a way that it will cut the royalties paid out to musicians by nearly 50%, according to a new lawsuit filed by the Mechanical Licensing Collective.

Cloud Firm CoreWeave Obtains $7.5 Billion in Private Debt

Cloud computing company <-bsp-bb-link state="{"bbHref":"bbg://securities/1906718D%20US%20Equity","_id":"0000018f-87f7-de3b-adcf-dff710a20000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CoreWeave Inc. has received $7.5 billion of debt financing, mostly in the form of investment-grade loans, led by Blackstone Inc.

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