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Social media is now a massive liability for Meta, Google and the rest of Big Tech
- What: Landmark verdicts have left Meta, Google and other Big Tech companies facing massive liability for their social media platforms, following the shattering of the Section 230 shield.
- Why: The shield, which protected tech companies from liability for user-generated content, has been deemed ineffective in addressing 'addictive' product design and its consequences.
- Signal: The verdicts signal a significant shift in the regulatory landscape, with courts increasingly holding tech companies accountable for the harm caused by their platforms.
- Target: The new liability landscape is likely to target tech companies' bottom line, with potential fines and damages running into the billions of dollars.
- Risk: The risk of further regulatory action and lawsuits poses a significant threat to the business models of Meta, Alphabet and other Big Tech companies.