(HorizonPost.com) – Facebook may have changed its name to Meta Platforms, Inc., but a new logo and title for the company don’t erase its past. Ohio Attorney General Dave Yost filed a lawsuit against the popular platform business for allegedly misleading users about the negative effect it was having on children. The case before the court is on behalf of the Ohio Public Employees Retirement System and some Meta investors. The plaintiffs seek $100 billion in damages and demand the company make changes to avoid future incidents.
The company once known as Facebook, Meta Platforms Inc., deliberately misled the public about its algorithm and the negative effects its products have on minors to maximize profits, according to a new lawsuit filed by Ohio’s attorney general. https://t.co/vCO7kTBERx
— The Daily Beast (@thedailybeast) November 16, 2021
The lawsuit claims Meta knew about the problems with its platform and the impact on children but chose to ignore the data to reap more profits. Meta denied the accusation.
Amongst the controversy that started in May, Facebook suspended its project to build an Instagram app for kids. In addition, the European Union started moving forward with new restrictions on big tech companies after hearing the testimony of whistleblower Frances Haugen.
If the case is successful, that could mean tighter government regulations on social media companies. However, if lawmakers and courts regulate private businesses, even for the sake of children, could it turn into a slippery slope for unwanted overreach?
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