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BIZARRE: 3 - What They Never Told You

Forget the gala, these Silicon Valley schools run their own venture capital funds

A handful of elite Bay Area schools have enlisted parent-donors from Sequoia, Lightspeed, and Battery to steer small pools of donated capital into early-stage startups. With massive IPOs back en vogue, schools are lining up for what could come next.

Fortune

Meta meets its own 'tobacco' moment in court

OAKLAND (UNITED STATES) - With billions of users around the world, Meta has prepared to defend itself against allegations of harming children in a new trial in the United States this week, which experts describe as social media's big tobacco moment.

Bangkok Post

'Big Tobacco' moment?: Meta faces $1.4 trillion lawsuit over harm to children

Jury selection begins Wednesday in a lawsuit filed by the US states of California, Colorado, Kentucky and New Jersey alleging that Meta uses technology to make Facebook and Instagram addictive for children. The states are demanding changes to Meta's apps in addition to financial penalties as high as $1.4 trillion…

France 24

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Federal Court Rejects Meta and TikTok Immunity, Big Techs To Face Over 3,000 Youth Addiction Lawsuits

The 9th Circuit Court has rejected Meta and TikTok's appeal, allowing over 3,000 lawsuits to proceed, challenging the companies' use of platform features that allegedly harm minors

International Business Times UK

Meta faces expensive child safety reckoning

Also: Google executives jump ship in race for AI dominance

The Guardian - US

Meta, TikTok, Google and Snap Just Lost a Major Court Battle— and Must Face More Than 3,000 Lawsuits Over Addictive Platforms Targeting Young Users

A U.S. appeals court has given the green light for thousands of lawsuits against leading social media companies Meta Platforms (NASDAQ:META), Alphabet’s Google (NASDAQ:GOOGL) (NASDAQ:GOOG), ByteDance’s TikTok, and Snap Inc’s Snapchat (NYSE:SNAP).

Benzinga

OPRT, SNAP – And An Amazing Story

August 6, 2026 OPRT “An Opportunity?” I headlined this December 19, 2023 post: If you bought some OPRT with money you could truly afford to lose, as suggested here, here, and here, and here,...

Saving Advice

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Snap co-founder Evan Spiegel and Miranda Kerr donate millions to erase $550 million in medical debt for 261,000 Californians, following Jeff Bezos' ex-wife MacKenzie Scott’s model

Evan Spiegel and Miranda Kerr have donated millions to erase $550 million in medical debt for more than 261,000 Californians. The initiative through Undue Medical Debt follows a strategy closely associated with MacKenzie Scott, who previously donated $80 million to the nonprofit and has given more than $26 billion to…

The Economic Times

What to Know About SNAP Shopping Habits That Can Make Benefits Last Longer Without Skipping Meals

Managing monthly Supplemental Nutrition Assistance Program benefits requires strategic planning and disciplined shopping habits. Rising food costs make stretching EBT dollars across an entire month challenging for families. However, smart purchasing strategies help benefits last longer without forcing anyone to skip meals. Household food security improves significantly when shoppers optimize…

Grocery Coupon Guide

Millions of Kids Could Lose Free School Lunch This Fall as Experts Warn of SNAP 'Ripple Effect'

Millions of U.S. children could lose access to free school meals this fall as recent changes to the Supplemental Nutrition Assistance Program (SNAP) begin affecting eligibility, experts warned.

Benzinga

Social media giant Meta ordered to pay $567 million in New Mexico child safety ruling

A New Mexico judge on Thursday ordered Meta to pay more than $500 million, finding the social media company created a public nuisance and harmed children. The ruling follows a March jury verdict awarding the state $375 million after finding Meta liable for exposing children to online predators and other…

France 24

Trump's Deportation Plan Has an Estimated Price: More Than $2,300 Per Taxpayer

The tool is based on the organization's estimate that the federal government will spend $268.9 billion on deportation operations during Trump's second term.

International Business Times

Farm bill rejected in partisan split over food stamp cost-sharing

The Senate Agriculture Committee rejected a five-year farm bill Thursday at a contentious markup plagued by Republican absences and a Democratic rebellion over plans for imposing food stamp costs on state governments. The 10-11 vote defeating the 983-page bill marked a rare break from the bipartisan support that typically accompanies…

Roll Call

Agriculture Secretary Boasts as Four Million Americans Lose Food Aid Under Trump Rules

Over four million Americans have lost SNAP food aid under strict new mandates from the Trump administration, sparking fears of an escalating hunger crisis as officials push sweeping financial cuts.

International Business Times UK

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The Conversation

How new SNAP restrictions could hit Greater Pittsburgh’s food access and economy

Food assistance is one of the most effective tools for fighting poverty in America. New federal rules are testing that reputation.

Benzinga

Snap CEO Says Only 3% of Snapchat Users Pay for Subscriptions— He Thinks That's Actually Good News

Snap Inc. (NYSE:SNAP) CEO Evan Spiegel said the company’s subscription business has significant untapped potential, adding that it has only begun to capitalize on the opportunity.

The Economic Times

Snap beats revenue estimates on ad boost from World Cup, shares surge

Snap's second-quarter revenue surpassed estimates, boosted by World Cup advertising and large advertiser activity. The social media company is enhancing its ad platform with AI-powered tools for better targeting. Daily active users grew five percent, maintaining prior growth rates across the platform. Despite competition, Snap's revenue jumped nineteen percent to…

The Economic Times

TikTok settling three teen social media lawsuits ahead of trial

TikTok has agreed to settle three lawsuits concerning addictive platform designs. Young plaintiffs alleged social media platforms harmed their mental health and well-being. These cases are part of thousands consolidated in California state court. Claims against Meta, Google's YouTube, and Snap's Snapchat will continue. Attorneys are using these bellwether trials…

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Benzinga

SNAP Households Could Get $60 Monthly for Fruits and Vegetables Under New Proposal

Congress is considering a proposal that would provide eligible families with an extra $60 a month for fruits and vegetables as many Americans continue to grapple with higher grocery bills.

Medical Daily

FTC Alleges a Telehealth Company Sent Users' Health Conditions to Ad Platforms After Promising Discretion

The FTC sued Hims and Hers over alleged sharing of sensitive health data with ad platforms. What the complaint alleges and how to check your own accounts.

Saving Advice

New Jersey’s $95 Minimum SNAP Benefit Continues to Help Thousands of Older Adults

For an older New Jersey resident living primarily on Social Security, qualifying for SNAP used to come with a frustrating possibility: going through the application...

The Independent UK

Social media companies sued over deaths of four teens as pressure, lawsuits over child safety mount

The parents of four teenagers who died by suicide are suing Meta, TikTok, Snapchat, and YouTube

Saving Advice

How Much the Average 81-Year-Old Retiree Receives From Social Security

Turning 81 often brings a new stage of retirement. Many people at that age have been collecting Social Security for well over a decade, and...

Everybody Loves Your Money

USDA Charges 33 Los Angeles-Area SNAP Retailers With Fraud Following Federal Sting Operation

The U.S. Department of Agriculture’s Food and Nutrition Administration (FNA) has announced that 33 SNAP-authorized retailers in the Los Angeles area have been charged following a coordinated federal enforcement operation targeting alleged fraud within the Supplemental Nutrition Assistance Program (SNAP). According to the USDA, investigators from the USDA Office of…

Grocery Coupon Guide

USDA Reports 10.62% SNAP Payment Error Rate for FY 2025, Triggering New Financial Penalties for States

The U.S. Department of Agriculture (USDA) has announced that the national Supplemental Nutrition Assistance Program (SNAP) payment error rate for fiscal year 2025 was 10.62%, representing approximately $10.1 billion in improper payments. The payment error rate measures how accurately states determine SNAP eligibility and benefit amounts, including both overpayments and…

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