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Recent Editions
Risk Channel
North America
Meta has been ordered to pay an additional $567m in compensation and strengthen child-safety measures across its platforms after a New Mexico judge found the technology company to be a “public nuisance.” The latest award brings total penalties in the case to $942m, following a $375m jury award in March. The lawsuit, filed by New Mexico Attorney General Raúl Torrez in 2023, accused Meta of exposing children to sexually explicit content, solicitation, and human trafficking. Judge Bryan Biedscheid concluded that Meta’s platforms are a significant contributing factor to New Mexico’s youth mental health crisis, citing evidence of increasing depressive episodes, eating disorders, and suicide rates among adolescents. Torrez described the judgment as a potential “blueprint” for holding social media companies responsible for products that endanger children. Meta has said it will appeal the New Mexico ruling.
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Risk Channel
UK/Europe
The UK's Competition and Markets Authority (CMA) has approved the $110bn merger between Paramount and Warner Bros, saying that the tie-up does not "give rise to a realistic prospect of a substantial lessening of competition in the UK." The CMA's investigation, which was launched in June, came after Culture secretary Lisa Nandy asked the watchdog to look into the deal. The CMA has now ruled that the merger will not be referred to a phase two investigation. The Department for Digital, Culture, Media and Sport has also said it will not intervene, after Paramount made several "legally-binding commitments" centred on its UK broadcasting output, including an agreement over the editorial independence of news and a pledge not to combine its linear channels with on-demand services.
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