Forbes Talks

Continuing journalism and reports about business, technology, philanthropy & the universe of entrepreneurship. Forbes writers and editors, industry leaders, celebrities, and more are joining the conversation on Forbes Talks.

  1. 8 HR AGO

    Meta And Google Found Liable In Social Media Addiction Trial

    Meta and Google, the parent company of YouTube, were found liable for harming a woman’s mental health due to addictive design features, a California jury found in a landmark decision on Wednesday, just one day after a jury in New Mexico ordered the Facebook parent company to pay $375 million for enabling child exploitation and misleading the users about safety features. Key Facts Meta and Google are liable to pay $3 million in damages to the plaintiff, only identified as a 20-year-old woman named K.G.M., who said she became addicted to the two companies’ apps due to addictive features. Meta, which owns Facebook and Instagram, was ordered to pay out 70% of the damages, while YouTube was ordered to pay the remaining 30%, the Wall Street Journal reported. The lawsuit also named TikTok and Snap, the parent company of Snapchat, as defendants, but both companies settled out of court for undisclosed sums. Meta founder Mark Zuckerberg and Instagram chief Adam Mosseri both testified at the trial, where Zuckerberg insisted the company was “building this thing to be a good thing that has value in people’s lives,” Courthouse News reported in February. “We respectfully disagree with the verdict and are evaluating our legal options,” Meta spokesperson Francis Brennan told Forbes in a statement, while Google spokesperson José Castañeda said in a separate statement the company disagrees with the verdict and plans to appeal, adding, “this case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.” The verdict did not appear to impact stock prices, Meta shares up slightly (0.46%) and Google parent Alphabet’s down slightly (0.3%). Read the full story on Forbes: By Zachary Folk https://www.forbes.com/sites/zacharyfolk/2026/03/25/meta-and-google-found-liable-in-social-media-addiction-trial/ Learn more about your ad choices. Visit megaphone.fm/adchoices

    3 min
  2. 8 HR AGO

    Wall Street Bonuses Surged To A Record $49.2 Billion Pool Last Year

    Bonuses for Wall Street employees jumped to a record $49.2 billion overall pool, New York’s state comptroller Thomas DiNapoli said Thursday morning, which he attributed to strong trading activity and a 30% rise in Wall Street’s profits. KEY FACTS The $49.2 billion pool is 9% higher than the pool for 2024, DiNapoli said. The average bonus paid to securities industry employees was $246,900, which is 6% higher than the year prior. “Wall Street saw strong performance for much of last year, despite all of the ongoing domestic and international upheavals,” ⁠DiNapoli said⁠ in a release Thursday morning, adding the higher Wall Street profits are “good for our state and city budgets, which are reliant on the industry’s significant tax contributions.” Though this year's bonus pool is the highest on record, the 2006 pool adjusted for inflation edges it out at $53.7 billion in today’s dollars. Securities industry employment edged down slightly to 198,200 in 2025, DiNapoli said, adding financial sector job growth has been faster in other parts of the country, though New York still has the nation’s highest share of securities industry employees at 17.9%. DiNapoli estimated the bonuses would generate $199 million more in state income tax revenue and $91 million more for New York City over the previous year, but he said tax revenue may fall short of expectations as Governor Kathy Hochul’s proposed budget assumed Wall Street bonuses would rise 25.9%. Read the full story on Forbes: By Conor Murray https://www.forbes.com/sites/conormurray/2026/03/26/wall-street-bonuses-surged-to-a-record-492-billion-pool-last-year/ Learn more about your ad choices. Visit megaphone.fm/adchoices

    4 min
  3. 8 HR AGO

    White House Refuses Elon Musk’s Offer To Pay TSA Staff Amid Partial Government Shutdown

    The White House turned down an offer from Tesla chief and former special government employee Elon Musk to pay Transportation Security Administration officers during the partial government shutdown, a White House spokesperson told Forbes. Read the full story on Forbes: ByAntonio Pequeño IV https://www.forbes.com/sites/antoniopequenoiv/2026/03/25/white-house-refuses-elon-musks-offer-to-pay-tsa-staff-amid-partial-government-shutdown/ KEY FACTS The rejected offer, first reported by CBS News, would have provided money for TSA agents who have gone without pay for nearly six weeks. Musk made the offer last weekend in a post on X, with President Trump telling reporters Monday he would “love it.” White House spokeswoman Abigail Jackson told Forbes that while the White House appreciated Musk’s proposal, it “would pose great legal challenges due to his involvement with federal government contracts.”  Jackson said the fastest way to pay TSA employees is for “Democrats to fund the Department of Homeland Security,” referring to disagreements between Democrats and Republicans over a standalone funding bill that would fund DHS and the Safeguard American Voter Eligibility Act, which will create changes to the U.S. voting system including a requirement for voter identification. The cost to fund TSA agents would be around $250 million, CBS reported, citing two unnamed sources. Learn more about your ad choices. Visit megaphone.fm/adchoices

    3 min
  4. Why AI Is Increasing Workplace Complexity Instead Of Reducing Employee Workloads

    1 DAY AGO

    Why AI Is Increasing Workplace Complexity Instead Of Reducing Employee Workloads

    Forbes Senior Contributor and author of 'Brain Rush: How to Invest and Compete in the Real World of Generative AI' Peter Cohan sat down with Forbes Talks to discuss why AI is currently increasing the complexity and density of work rather than reducing it. Read the full story on Forbes: https://www.forbes.com/sites/petercohan/2026/03/12/ai-was-supposed-to-free-workers-instead-its-burying-them-in-busywork/ Artificial intelligence is driving workers to spend more time on busy work – squeezing out time they could be devoting to more valuable activities such as creating new growth opportunities. That is the conclusion of a survey of 164,000 workers’ digital work activity, according to ActivTrak research featured in the Wall Street Journal.  Following their companies’ adoption of AI, those workers more than doubled the time they spent on email, messaging and chat apps and boosted by 94% their use of human-resources or accounting software, added the Journal. Rather than freeing them, AI drags them away from creative work. How so? The time AI users devoted to "focused, uninterrupted work — for solving complex problems, writing formulas, creating and strategizing—fell 9%, compared with nearly no change for nonusers,” noted the Journal. Sadly, all that time working on emails and accounting is the least valuable activity for companies seeking to benefit from their AI investment. Learn more about your ad choices. Visit megaphone.fm/adchoices

    21 min

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Continuing journalism and reports about business, technology, philanthropy & the universe of entrepreneurship. Forbes writers and editors, industry leaders, celebrities, and more are joining the conversation on Forbes Talks.

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