Meta and Alphabet shares fall following social media trial defeat
Tech giants shares down as investors ponder implications of social media legal setback.
World Business Report · BBC World Service
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Show Notes
A California jury found Meta and YouTube designed addictive products that harmed young people. The plaintiff was awarded damages of $6m; Meta to pay 70% and YouTube the remainder.
Transport workers in the Philippines are on strike over the price of fuel driven by surging oil prices as the Middle East continues. The Filipino government which declared an energy state of emergency this week has introduced fuel subsidies and free bus rides for affected commuters, but protesters say the measures are not enough.
And the boss of Air Canada is under pressure to resign, after releasing a condolence message for the recent deaths of two pilots in English only. One of the pilots killed in Sunday's collision at LaGuardia Airport was from French-speaking Quebec.