Ohio attorney general Dave Yost filed suit against Facebook parent company Meta, alleging it misled the public about the potential harm its products can cause.
What's happening: Yost filed the lawsuit on behalf of the Ohio Public Employees Retirement System (OPERS) and Facebook investors, citing the Wall Street Journal's reporting and internal documents leaked by former employee Frances Haugen, according to a release from Yost's office on Monday.
Why it matters: It's the latest legal salvo against Meta, which is facing multiple federal, state and international investigations. This one comes on the heels of Haugen testifying to a U.S. Senate subcommittee and the European Parliament about Facebook's internal research and decision-making.
Facebook knowingly made false statements about the safety, security and privacy of its platforms, the suit, filed Friday, argues. It says those revelations caused Facebook's stock to lose value, costing the investors and OPERS more than $100 billion.
What they're saying: "Facebook said it was looking out for our children and weeding out online trolls, but in reality was creating misery and divisiveness for profit," Yost said in the release. "We are not people to Mark Zuckerberg, we are the product and we are being used against each other out of greed."
The suit seeks to recover the lost stock value and demands Facebook make changes to guarantee it does not mislead the public.
A spokesman for Meta said the suit is "without merit" and that the company will defend itself "vigorously," per CNBC.
A majority of Twitter users get news from the social network, despite more than half seeing misleading information on the social network as a major problem, according to a new survey from the Pew Research Center.
The big picture: With almost a quarter of Americans using Twitter, it's increasingly become a source for the latest information. Among those who use the platform for news, the study found a large increase in those who use it to follow breaking news events.
Two decades in, the unexpected consequences of some of Xbox’s boldest innovations nudged Microsoft to break away from its initial “gamer” marketing push toward an inclusive approach to gaming, Xbox boss Phil Spencer tells Axios.
Why it matters: Xbox turns 20 today, offering a moment to reflect on what Microsoft has achieved within console gaming and where it may go in the next 20 years.
In a trend that worries sexual abuse experts, teens and even younger children are sharing more nude pictures of themselves, often with adults, a new study has found.
Why it matters: Once shared with even one person, such images can easily be distributed further and become part of the corpus of child sexual abuse material in the dark corners of the web.
Substack on Monday said there are more than1 million paid subscriptions to publications on its platform, up from about 250,000 last December.
Why it matters: Substack's growth underscores the willingness of audiences to pay for content from their favorite writers directly — a trend that's been expedited by the pandemic.
It's not quite a time machine, but the TWA Hotel, adjacent to Terminal 5 at New York's JFK Airport, does let travelers transport themselves back to a time when air travel was fun and glamorous.
Why it matters: Most airport hotels only have their prime location as a selling point, but the TWA Hotel, where I recently stayed, has a lot more to offer.
IBM has created a quantum processor able to process information so complex the work can't be done or simulated on a traditional computer, CEO Arvind Krishna told "Axios on HBO" ahead of a planned announcement.
Why it matters: Quantum computing could help address problems that are too challenging for even today's most powerful supercomputers, such as figuring out how to make better batteries or sequester carbon emissions.
Hackers accessed the Federal Bureau of Investigation's external email system and sent spam to thousands of people Saturday, according to the Spamhaus Project, an email spam watchdog group.
Why it matters: The cybersecurity debacle highlights the vulnerabilities of email communication, the Washington Post writes. While online entities often claim to be official sources, a hacker compromising a government server is "highly unusual."
