Instagram's head, Adam Mosseri, testified in a California court this week, defending the platform against claims it causes mental health damage to minors. Mosseri, who has led Instagram for eight years, argued that even seemingly excessive use, such as 16 hours a day, does not equate to addiction. The landmark trial, expected to last six weeks, aims to hold tech firms accountable for the impact of their platforms on young people.
Mosseri's testimony is a key element in the ongoing legal battle, which began this week in Los Angeles. Lawyers for Meta, Instagram's parent company, have argued against the claims, as the case is a test of legal arguments aimed at holding tech firms accountable for impacts on young people.
In other news, Pinterest CEO Bill Ready recently compared the digital pinboarding site to the popular AI chatbot ChatGPT, following a disappointing fourth-quarter earnings performance. Ready highlighted Pinterest's potential as a search destination, asserting that the site sees a larger search volume than ChatGPT. According to Ready, Pinterest sees 80 billion searches per month, generating 1.7 billion monthly clicks, compared to ChatGPT's 75 billion searches. "That makes us one of the largest search destinations in the world," Ready stated, adding that more than half of Pinterest searches are commercial in nature.
Meanwhile, a data analyst in Bogotá, Alejandro Quintero, experienced a surge in website traffic from China and Singapore. His website, which publishes articles about paranormal activities, saw a significant increase in visits from these countries, accounting for over half of the total visits in the past 12 months. Quintero initially believed he had found a new audience, but the nature of the traffic is still being investigated.
In other news, a fintech founder, Bryan Johnson, is offering a program called "Immortals" for $1 million per year, promising to teach individuals how to live longer.
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