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Meta misled consumers in case over Cambridge Analytica scandal, New Mexico jury says

Meta misled consumers in case over Cambridge Analytica scandal, New Mexico jury says

By Diana Novak Jones Sept 25 (Reuters) - A jury in Santa Fe, New Mexico, found on Friday that Meta Platforms misled the state's residents, in a case stemming from allegations that political consulting firm Cambridge Analytica, which had worked on Donald Trump's 2016 presidential campaign, obtained

New Mexico Trial Accuses Facebook of Deceiving Users on Privacy, Seeks Billions in Penalties

New Mexico Trial Accuses Facebook of Deceiving Users on Privacy, Seeks Billions in Penalties

Closing arguments have concluded in a New Mexico trial where attorneys for the state accused Facebook of misleading users about privacy protections on its social media platform. The state is seeking up to $5,000 per violation of its Unfair Practices Act and an injunction to prevent future data breaches. This case stems from a third-party personality quiz that allegedly harvested data from approximately 87 million Facebook profiles, which was then sold to the political consulting firm Cambridge Analytica for targeted advertising. New Mexico is the only state to pursue this data breach claim at trial, as 48 other states reached a settlement with Meta (Facebook's parent company) earlier this year concerning child safety and privacy issues related to the same breach. The state estimates that around 350,000 New Mexico residents were affected by the Cambridge Analytica breach, but prosecutors argue that Facebook deceived all 1.3 million users in the state at the time regarding privacy and content moderation.

US eases screwworm ban on Mexican cattle, but beef prices unlikely to budge

US eases screwworm ban on Mexican cattle, but beef prices unlikely to budge

By Tom Polansek CHICAGO, Sept 24 (Reuters) - The United States plans to reopen the biggest port for livestock inspections along the US-Mexican border on Thursday, expanding America's cattle supplies but not slashing record-high beef prices, government and industry officials said.

S&P 500 ends marginally lower as investors focus on US-Iran war

S&P 500 ends marginally lower as investors focus on US-Iran war

By Noel Randewich and Johann M Cherian Sept 24 (Reuters) - The S&P 500 ended marginally down on Thursday, with Microsoft dipping and Meta Platforms rising, as uncertainty about the Middle East lifted oil prices and Treasury yields.

Wall St slips as Middle East escalations lifts oil; Trump-Xi talks in focus

Wall St slips as Middle East escalations lifts oil; Trump-Xi talks in focus

By Johann M Cherian and Avinash P Sept 24 (Reuters) - Wall Street's main indexes dropped on Thursday, with the blue-chip Dow hitting a more than three-month low, as escalating tensions in the Middle East lifted oil prices and Treasury yields while investors monitored a US-China summit.

First US trial against TikTok to test claims platform fueled teen mental health crisis

First US trial against TikTok to test claims platform fueled teen mental health crisis

By Diana Novak Jones Sept 25 (Reuters) - An Alabama jury will hear the state's claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in the sweeping litigation

China state dinner with Xi: Elon Musk, a bald eagle and Trump 'off script'

China state dinner with Xi: Elon Musk, a bald eagle and Trump 'off script'

After a day filled with words of mutual admiration, the two world leaders toasted each other at dinner as tech titans mingled with Trump’s cabinet.

FTC chair suggests AI developers should be liable for conduct of agents

FTC chair suggests AI developers should be liable for conduct of agents

By Jody Godoy AUSTIN, Sept 25 (Reuters) - US Federal Trade Commission Chairman Andrew Ferguson said on Friday he would resist describing AI agents as autonomous actors that "break loose" with "wills and desires of their own," suggesting the developers who instruct agents would be the ones liable for

Facebook accused of deceiving users in New Mexico as trial over privacy scandal wraps up

Facebook accused of deceiving users in New Mexico as trial over privacy scandal wraps up

Closing arguments have taken place in a New Mexico trial over Facebook's alleged failure to protect users from a third-party quiz that harvested data from 87 million profiles

History of Meta Platforms: Company timeline, facts & milestones

History of Meta Platforms: Company timeline, facts & milestones

The Facebook parent company, first conceived at Harvard University, transformed from a simple photo-rating site to a global tech powerhouse. Here's how it happened.

Prince Harry warns that AI chatbots may be more dangerous than social media for young users

Prince Harry warns that AI chatbots may be more dangerous than social media for young users

Prince Harry says that artificial intelligence chatbots designed to provide companionship are even more dangerous to young people than social media

China's Xi to visit Washington without CEO delegation, sources say

China's Xi to visit Washington without CEO delegation, sources say

BEIJING, Sept 23 (Reuters) - China's President Xi Jinping will arrive in Washington this week without the delegation of Chinese business leaders that Beijing had sought to bring for meetings with US President Donald Trump, two people familiar with the matter said.