In the span of just 48 hours this week, two separate juries in two different US states delivered verdicts that could reshape the entire social media industry — not because of the dollar amounts involved, but because of what those verdicts legally establish for the first time. On Tuesday, March 24, a jury in Santa Fe, New Mexico ordered Meta to pay $375 million for failing to protect children from sexual exploitation on Facebook and Instagram. Less than 24 hours later, on Wednesday, March 25, a jury in Los Angeles found both Meta and Google (YouTube) liable for engineering addiction in young users — finding them negligent in the design of their platforms and awarding a further $6 million in damages. Two days. Two states. Two juries. Both pointing at the same conclusion: that Big Tech can no longer hide behind the legal shields it has relied on for nearly three decades. This is the story of what happened, why it matters far beyond the headline numbers, and what comes next for the s...
Eric Schmidt - Google's Executive Chairman says that there is no more argument anymore. YouTube wins, TV is over the future is already here. Speaking at a gathering of advertising executives Eric Schmidt has made it clear that Internet Video is not a rival anymore - TV is over. YouTube has become so popular that it receives over 1 billion visitors every month. There is now an entire younger generation that has become used to amateur video shot by people like themselves from around the world. It is not a one-way street, YouTube is interactive and therefore more appealing to a younger audience.
Only Google and Facebook gets more online visitors that YouTube. The Video sharing site has grown phenomenally and has surpassed all expectations. In the US more 18 - 34 year-olds watch YouTube more than any other cable network. This shows the shift of people watching and enjoying both amateur and professional broadcasts on YouTube. Eric Schmidt did not even argue that YouTube was a competitor to TV, but clearly stated that TV was over, YouTube had taken over and the future is now. In the battle of TV vs YouTube - YouTube has already won.
Source: Telegraph
Source: Telegraph
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