[BIG TECH]■ STORY TIMELINE

TIKTOK SETTLES ADDICTION LAWSUIT, AVOIDS TRIAL

TikTok is finalizing a settlement in a lawsuit alleging the platform is addictive to minors, bypassing a jury trial scheduled for July in Los Angeles.

23 SOURCESFIRST SEEN JUN 30, 06:15 PM► READ THE ARTICLE

Bloomberg Tech+0m

TikTok Finalizing Settlement of Addiction Lawsuit to Avoid Trial

TikTok is finalizing a settlement related to a lawsuit claiming that the world’s largest social media platforms are addi…

Techmeme+2h 56m

Sources: Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a possible takeover last year, before directing Meta employees to build a prediction market app (Bobby Allyn/NPR)

Bobby Allyn / NPR: Sources: Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a possible takeover last year, befor…

Techmeme+3h 30m

Sources: TikTok settles a lawsuit before a second California trial over social media harm to minors for an undisclosed sum; Meta and Snap remain defendants (Bloomberg)

Bloomberg: Sources: TikTok settles a lawsuit before a second California trial over social media harm to minors for an un…

Techmeme+5h

Sources: Kalshi agreed to pay $20M to sponsor the World Cup knockouts, after initially balking at FIFA's $150M asking price, alongside ADI Predictstreet (Bloomberg)

Bloomberg: Sources: Kalshi agreed to pay $20M to sponsor the World Cup knockouts, after initially balking at FIFA's $150…

Techmeme+15h 50m

Meta introduces a $20/month Meta One Premium tier for its glasses and limits its Conversation Focus feature to three hours of use per month for free users (Sean Hollister/The Verge)

Sean Hollister / The Verge: Meta introduces a $20/month Meta One Premium tier for its glasses and limits its Conversatio…

Techmeme+18h 37m

Sources: Meta is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, to compete with AWS and Azure (Bloomberg)

Bloomberg: Sources: Meta is developing plans for a cloud infrastructure business that will sell access to AI computing p…

Techmeme+21h 25m

Meta names Chief Marketing Officer Alex Schultz as its first-ever chief data officer, to manage AI analytics across the company; Denise Moreno is named CMO (Sara Fischer/Axios)

Sara Fischer / Axios: Meta names Chief Marketing Officer Alex Schultz as its first-ever chief data officer, to manage AI…

Techmeme+1d 9h

Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (Bloomberg)

Bloomberg: Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt,…

Wired+1d 15h

Meta Is Charging a Subscription for Smart Glasses Features. Welcome to the New Era of Consumer Tech

You bought the hardware. Now you’ll need to subscribe for “expanded access” to the most advanced features.

Techmeme+1d 16h

Filings: President Trump purchased up to $5M each in Broadcom, Meta, Amazon, Apple, Microsoft, and Nvidia stocks on July 23, the same day as his AI action plan (New York Times)

New York Times: Filings: President Trump purchased up to $5M each in Broadcom, Meta, Amazon, Apple, Microsoft, and Nvidi…

Techmeme+1d 21h

Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits are up from $1.1B in March to $4.05B (Bloomberg)

Bloomberg: Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025;…

Techmeme+2d 2h

At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected and its reorganization was not as "clean" as it could have been (Katie Paul/Reuters)

Katie Paul / Reuters: At a town hall, Mark Zuckerberg said Meta's AI agent development has not accelerated as expected a…

Techmeme+2d 3h

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (Bloomberg)

Bloomberg: Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30…

Techmeme+2d 7h

Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an "order of magnitude more compute than Avocado" (Business Insider)

Business Insider: Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5…

Techmeme+3d

Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)

M.G. Siegler / Spyglass: Meta getting into the cloud business has been inevitable for a long time, as it seeks to divers…

Techmeme+3d 1h

Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal (Jeremie Eliahou Ontiveros/SemiAnalysis)

Jeremie Eliahou Ontiveros / SemiAnalysis: Meta could use its compute for its own models, ad scaling, SpaceX-like neoclou…

Techmeme+4d 11h

A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction (Olivia Carville/Bloomberg)

Olivia Carville / Bloomberg: A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M…

Techmeme+6d 1h

Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (Bloomberg)

Bloomberg: Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns…

Techmeme+6d 2h

Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 50%+ premium to its stock price in recent weeks (Bloomberg)

Bloomberg: Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 5…

Techmeme+6d 7h

A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, Netflix, and now Sierra, as her husband Steve Hilton runs for California governor (Emily Shugerman/The San Francisco ...)

Emily Shugerman / The San Francisco Standard: A profile of Rachel Whetstone, who has led comms for Google, Meta, Uber, N…

Techmeme+6d 10h

Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Diana Novak Jones/Reuters)

Diana Novak Jones / Reuters: Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Inst…

Engadget+6d 14h

Meta is facing $1.4 trillion in state lawsuits over social media addiction

Meta is facing a massive lawsuit from four US states over the addictive designs of its platforms.

Techmeme+6d 18h

Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure investments; the size could increase based on demand (Bloomberg)

Bloomberg: Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure in…

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