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news1h ago

Is this Big Tech's Big Tobacco moment?

Senate Judiciary Chairman Chuck Grassley has called Meta, Google, TikTok, and Snap CEOs to testify on June 23 in a hearing framed around whether Big Tech faces a reckoning similar to the tobacco industry's downfall.

Is this Big Tech's Big Tobacco moment?

Senate Judiciary Committee Chairman Chuck Grassley (@ChuckGrassley) has summoned the chief executives of four of the world's largest social media companies to Capitol Hill for a hearing on June 23 titled "Is This Social Media's Big Tobacco Moment?" The session will examine tech industry practices and their implications for users and families, according to Axios.

@Meta's Mark Zuckerberg, @Google's Sundar Pichai, TikTok's Shou Zi Chew, and Snap's Evan Spiegel have all been invited to appear. The hearing will also cover Big Tech and AI safety oversight, along with issues including whistleblower retaliation. The committee has not yet received formal RSVPs from the CEOs, though discussions are ongoing.

A Verdict That Changed the Conversation

The hearing comes roughly two months after a California jury delivered a landmark ruling against two of the four companies. A California jury found that @Meta and @Google were to blame for the depression and anxiety of a woman who compulsively used social media as a small child, awarding her $6 million in a rare verdict holding Silicon Valley accountable. It represents the first time a jury has found that social media apps should be treated as defective products for being engineered to exploit the developing brains of kids and teenagers.

TikTok and Snap were also defendants in the original proceedings but settled before the case went to trial. The landmark verdict may influence the outcome of 2,000 other pending lawsuits. Both @Meta and @Google have said they plan to appeal.

The litigation has drawn comparisons to the legal crusade that led to industry changes against Big Tobacco in the 1990s. The hearing comes as social media and AI companies face mounting lawsuits, including some first-time losses, and as Capitol Hill moves closer to passing kids' online safety legislation.

First Joint Appearance Since 2024

Social media CEOs have not testified in Congress since 2024, when they appeared before the Judiciary Committee to discuss many of the same topics. Should all four executives accept Grassley's invitation, it would mark the first time they have sat before Congress together in more than a year, with the political and legal backdrop now considerably more charged.

U.S. senators Marsha Blackburn, a Republican, and Richard Blumenthal, a Democrat, called on Congress after the March verdict to pass legislation directing social media companies to design their platforms with kids' safety in mind. The June 23 hearing signals that legislative pressure is building on both sides of the aisle.

Sources:
Axios: Scoop: Tech CEOs summoned to Capitol for June hearing
NPR: Jury finds Meta and Google negligent in social media harms trial
U.S. News and World Report (Reuters): Meta, Google Lose US Case Over Social Media Harm to Kids

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Crypto Rich profile photoCrypto Rich

Rich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.

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