Meta has to pay a $17 billion fine for what they did to become a $1.5 trillion company. That oughta teach ‘em a lesson. Actually, that doesn’t really do justice to the financial slap on the wrist Meta just got in their settlement over claims that their products endangered children. They have a decade to make good on the settlement, and “the full value of Meta’s payout depends on whether other social media companies also settle with the states and agree to financial penalties and product changes. Meta will initially pay about $12 billion. It will pay an additional $5 billion if Snap, TikTok and YouTube also settle with the states and agree to financial penalties and product changes.” Meanwhile, Meta’s stock rose on the news, and at points during the trading day, the company gained more in marketcap than they’ll ever be required to pay out in fines. What amounts to financial rounding errors aside, the bigger news here is that the tide appears to have turned, at least a little, when it comes to this issue. “The settlement could signal an inflection point for a social media industry that has largely escaped regulatory scrutiny over the harms its products have caused children.” NYT (Gift Article): Meta to Pay Up to $17.1 Billion in Landmark Settlement Over Social Media Addiction Claims. 2United States of DollyIt looks like there’s still something that can unite Americans: a love for Dolly Parton. NYT (Gift Article): Dolly Parton, Superstar Whose Songs Spoke to Millions, Dies at 80. And David Graham in The Atlantic (Gift Article) on The Transcendence of Dolly Parton. “The late singer was perhaps the only person in the United States who commanded nearly universal affection.” Part of the reason the loss of Dolly Parton hits so hard is that her whole being stood in such stark and glorious contrast to the times in which we’re living and being led. Dolly Parton was the epitome of the decent American. Pro-reading, pro-vaccines, pro-LGBTQ, pro-minorities, pro-underdogs, pro-union, talented, kind, generous, giving. She didn’t talk politics, but in an era when everything is political, she was the rags-to-riches anti-Trump, and she was so supremely successful in that endeavor, even he had to lower the flag in her honor. 3Heg StandsHere’s another ridiculous 2026 headline: Before Hegseth fired him, top general was advised to drop Kid Rock probe. These silly acts are a joke, but no one is laughing because of the serious times in the department where they’re being carried out. “The Army has not had a chief of staff, the service’s top officer, since Mr. Hegseth fired Gen. Randy George without explanation in April, and there are no signs that he is close to filling the position, said current and former officials speaking on the condition of anonymity to discuss sensitive personnel matters. Mr. Hegseth has forced out at least three senior officers who had been viewed as potential successors to General George.” (Did I mention that we were in a war during this period?) NYT (Gift Article): Hegseth’s Purge of Top Generals Leaves the Army Rudderless. 4How We Roll“When riderless testing began last month, residents in nearby Toluca Lake were delighted, with several calling the attraction ‘whisper quiet.’ Then came the riders. Every 30 seconds or so, for 10 hours straight, according to interviews with more than a dozen homeowners, the air is now filled with the sound of humans who fear they’re in mortal peril.” Universal’s New Coaster Is a Scream. That’s the Problem. 5Extra, ExtraPunting on the Issue: “Fans know too much to plead ignorance. They now know, thanks to a new study, that at least one in four former N.F.L. players had C.T.E. among the nearly 900 who died between 2016 and 2021. We are living in an era of cognitive dissonance, sociologists said. How many C.T.E. cases, they wondered, are too many for fans’ collective consciousness? What would it take to quit watching, or to quit sending children into the scrum? How many irreversibly damaged brains in the N.F.L. would turn away the masses?” John Branch in the NYT (Gift Article): As C.T.E. Cases Soar, Why Do Football Crowds Still Go Wild? (This is a follow-up to yesterday’s lead story: There’s fantasy football and then there’s football’s fantasy.) |