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Eric Goldman

๐Ÿ‘ค Speaker
123 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

And we got an answer.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

It's an answer that I think the defendants don't like.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

The plaintiffs, I think, are happy with it.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

But it's just one answer of what is expected to be multiple answers coming from additional trials.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

It allows the parties to start to estimate how much money are we even talking about.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

And until we got a data point like the jury verdict, really the parties couldn't even imagine any agreement.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

They were so far apart.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

Now we can start to quantify the numbers.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

If there's 3,000 plaintiffs that are currently pending, we're talking about roughly close to $20 billion.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

Now, those are numbers that are huge, and yet there are numbers that Google and Meta might think that they can afford.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

So now that we know how much money might be in play, there's new grounds for discussions about settlement.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

Yeah, it's a reinforcement that, again, a different jury was asked essentially the same set of questions.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

How responsible are social media for the harms that their users suffer?

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

And the jury came back with functionally the same answer.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

Now, in that case...

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

they were limited in terms of how many damages they could assign to any particular victim.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

So we don't really know how that number might have looked if a different set of legal theories were used.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

But it is the sign that we have two juries saying we will impose substantial damages on social media.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

Those are two really key data points.

Bloomberg Tech
Jury Finds Meta, Google Liable for Addiction

I think that we're so easy to focus on the parties in the courtroom.