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Matt Frankel

๐Ÿ‘ค Speaker
1396 total appearances

Appearances Over Time

Podcast Appearances

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

And one of the reasons is that it's so difficult to say what's safe and what's not.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

So I guess this doesn't change my opinion.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

I already kind of had this opinion about these companies.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

There's a lot to unpack there.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

I'm not sure if social media is about to have its tobacco moment yet.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

But I will say that the most interesting thing about this, it's not necessarily the fines that were just imposed.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

I mean, $3 million split between Meta and Alphabet is nothing for these companies, but it's really the precedents they could set.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

So the verdict related to safety on social media

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

that could certainly have some legislative impacts.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

I mean, for example, there are countries that already banned social media for people under 16 years old.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

So something like that could happen here potentially.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

That wouldn't exactly be crippling to these companies.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

It would have a material impact, but it wouldn't be crippling.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

The mental health lawsuit, which is the one that was split between Meta and YouTube, is a little more interesting to me.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

So Facebook has over 3 billion users worldwide.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

So would this pave the way for everyone whose life has been harmed by a social media addiction to potentially try to get millions of dollars from these companies?

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

Virtually anyone, I know I could, can make the argument that their lives would have been better or more productive at least

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

If it weren't for social media, how much more could I have written over the years if I wasn't on Facebook?

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

Keep in mind that this was an initial decision, as John correctly pointed out, Meta's going to appeal as they should.

Motley Fool Money
A New Trend in AI is Emerging: Efficiency

The final ruling could be a little more consequential.