<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>doom &#8211; Finance News Today</title>
	<atom:link href="https://financenews.one/tag/doom/feed/" rel="self" type="application/rss+xml" />
	<link>https://financenews.one</link>
	<description></description>
	<lastBuildDate>Fri, 21 Aug 2026 12:15:48 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.1</generator>

<image>
	<url>https://financenews.one/wp-content/uploads/2020/06/cropped-marketnewsjournal-1-32x32.png</url>
	<title>doom &#8211; Finance News Today</title>
	<link>https://financenews.one</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>No more doom scrolling? A Meta trial loss could reshape social media</title>
		<link>https://financenews.one/2026/08/21/no-more-doom-scrolling-a-meta-trial-loss-could-reshape-social-media/</link>
		
		<dc:creator><![CDATA[Finance News]]></dc:creator>
		<pubDate>Fri, 21 Aug 2026 12:15:48 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Alibaba Group Holding Ltd]]></category>
		<category><![CDATA[Alphabet Class A]]></category>
		<category><![CDATA[Amazon.com Inc]]></category>
		<category><![CDATA[Breaking News: Technology]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[doom]]></category>
		<category><![CDATA[loss]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Meta]]></category>
		<category><![CDATA[Meta Platforms Inc]]></category>
		<category><![CDATA[NVIDIA Corp]]></category>
		<category><![CDATA[reshape]]></category>
		<category><![CDATA[scrolling]]></category>
		<category><![CDATA[Snap Inc]]></category>
		<category><![CDATA[social]]></category>
		<category><![CDATA[Social media]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[trial]]></category>
		<category><![CDATA[United States]]></category>
		<guid isPermaLink="false">https://financenews.one/2026/08/21/no-more-doom-scrolling-a-meta-trial-loss-could-reshape-social-media/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>Conceptual Portrait of Smartphone Addiction and Endless Scrolling. Marco_piunti &#124; E+ &#124; Getty Images This report is from this week&#8217;s The Tech Download newsletter. Like what you see? You can subscribe here. Meta says it faces a trillion-dollar penalty and damage to its advertising model. But the trial could go well beyond one company. It could [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/08/108352586-1787302499508-gettyimages-2256247005-237a2895-migliorato-nr-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><p> <br />
</p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-108352586" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Conceptual Portrait of Smartphone Addiction and Endless Scrolling.</p>
<p>Marco_piunti | E+ | Getty Images</p>
</div>
</div>
</div>
<div class="group">
<p><em>This report is from this week&#8217;s The Tech Download newsletter. Like what you see? You can subscribe </em><a rel="nofollow" href="https://www.cnbc.com/the-tech-download-newsletter/"><em>here.</em></a></p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2"><a rel="nofollow" href="https://www.cnbc.com/quotes/META/">Meta</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> says it faces a <a rel="nofollow" href="https://www.cnbc.com/2026/08/17/meta-attorneys-general-california-federal-trial-astronomical-consequences.html">trillion-dollar penalty</a> and damage to its advertising model. But the trial could go well beyond one company. It could make social media unrecognizable. </p>
<p>The states want the court to force Meta to remove &#8220;certain addictive design features&#8221; from its platforms, Instagram and Facebook. These include infinite scrolling, autoplaying videos, disappearing content such as Instagram Stories, beauty filters, and algorithm-dominated feeds.</p>
<p>During her opening statements on Tuesday, California&#8217;s deputy attorney general, Megan O&#8217;Neill, said that Meta is choosing profit over safety, hiding the &#8220;reality&#8221; of under-13s on its platforms, and that its business model is to &#8220;hook the users, hold them for as long as they can, harvest their data, and then hide the truth from the public.&#8221; </p>
<p>&#8220;This trial is potentially the end of social media as we know it,&#8221; Kate Winick, a principal analyst at Forrester, said.</p>
<p>&#8220;Any verdict against Meta would set a massive precedent,&#8221; Winick added. &#8220;These trials are often compared to the Big Tobacco lawsuits of the 90s, and the outcome will likely be analogous as well: the product is going to be harder for young people to access and the cultural message around social media is going to change.&#8221; </p>
<p>And California Attorney General Rob Bonta said Meta is just the<a rel="nofollow" href="https://www.cnbc.com/2026/08/18/meta-attorneys-general-opening-arguments-california-bonta-restitution.html"> &#8220;first in line,&#8221;</a> as various U.S. state attorneys general take social-media companies to court over harms. There are pending lawsuits against YouTube and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5"><a rel="nofollow" href="https://www.cnbc.com/quotes/SNAP/">Snap</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> too. </p>
<p>&#8220;Who goes first? Who goes last? Ideally, they all go at the same time,&#8221; Bonta said. &#8220;That&#8217;s not possible. In an ideal world, they would all commit to the same reforms and changes to all kids and keep them safe.&#8221;</p>
</div>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-108352589">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-108352589" class="PlaceHolder-wrapper" data-vilynx-id="7000422503" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/108352590-17873040101787304007-47897144750-1080pnbcnews.jpg?v=1787304009&#038;w=750&#038;h=422&#038;vtcrop=y" alt="Myspace eyes comeback as Meta goes to trial over social media harms"/><span class="InlineVideo-videoButton"/><span/></div>
</div>
</div>
</div>
</div>
<div class="group">
<p>Meta and YouTube were already found negligent in a<a rel="nofollow" href="https://www.cnbc.com/2026/03/25/meta-youtube-los-angeles-california-verdict.html"> blockbuster social media addiction trial</a> in Los Angeles in March, in which the plaintiff was a young woman who said she became addicted to their apps as a child. She said the platforms&#8217; design caused her severe body dysmorphia, depression and suicidal thoughts. </p>
<p>Winick predicted that other social media platforms like Snap, which has a younger user base, would likely make &#8220;preemptive changes&#8221; to align with any changes forced on Meta by the trial. </p>
<p>&#8220;It&#8217;s unlikely that this will permanently kill the industry, but it will significantly reduce usage over the long term as young users fail to be introduced to the platforms,&#8221; she added. </p>
<p>&#8220;The real existential threat to Meta and social media as an industry is if similar lawsuits follow from adults alleging the same problems and effects,&#8221; Winick said. </p>
</div>
<h2 class="ArticleBody-subtitle"><a rel="nofollow" id="headline0"/>News edit</h2>
<div class="group">
<p><strong>OpenAI rolls out</strong><a rel="nofollow" href="https://www.cnbc.com/2026/08/18/openai-chatgpt-for-teens-safety.html"><strong> ChatGPT for Teens</strong>, </a>a dedicated chatbot experience for users under 18 that has &#8220;stronger built-in safety protections.&#8221; </p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8"><a rel="nofollow" href="https://www.cnbc.com/quotes/BABA/"><strong>Alibaba&#8217;s</strong></a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span><strong> AI spending spree</strong> drove a <a rel="nofollow" href="https://www.cnbc.com/2026/08/20/alibaba-cloud-revenue.html">75% drop in net income</a> for the June quarter.</p>
<p><strong>OpenAI&#8217;s chief financial officer</strong> told&#8230;</p>
</div>
</div>
<p><br />
<br />Read More: <a href="https://www.cnbc.com/2026/08/21/meta-social-media-lawsuit-trial-instagram-facebook.html">No more doom scrolling? A Meta trial loss could reshape social media</a></p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
