#Elon #Musk #Explains #SpaceX #Board #Powerless #FireElon Musk,ipo,SPACEX","url":"https://wolfnewss.com/elon-musk-explains-why-the-spacex-board-must-be-powerless-to-fire-him-in-an-x-post-on-friday-elon-musk-warned-future-shareholders-that-while-returns-could-be-massive-eventually-those/","mainEntityOfPage":"https://wolfnewss.com/elon-musk-explains-why-the-spacex-board-must-be-powerless-to-fire-him-in-an-x-post-on-friday-elon-musk-warned-future-shareholders-that-while-returns-could-be-massive-eventually-those/","image":[{"@type":"ImageObject","url":"https://i1.wp.com/gizmodo.com/app/uploads/2026/03/elon-musk-laughing-1-1280x897.jpeg?ssl=1"}],"datePublished":"2026-05-17T07:27:03+00:00","dateModified":"2026-05-17T07:27:03+00:00","author":{"@type":"Person","name":"mwasimuddin125","url":"https://wolfnewss.com/author/mwasimuddin125/"}}
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Elon Musk Explains Why the SpaceX Board Must Be Powerless to Fire Him
                In an X post on Friday, Elon Musk warned future shareholders that while returns could be massive eventually, those who invest in SpaceX should not “expect entirely smooth sailing along the way,” and that he must be allowed to focus on his mission of making human life “multiplanetary.” I’m thinking you should heed is warning. After all, if you’re considering buying SpaceX stock, what do you think will happen at SpaceX after the expected IPO next month? You can’t be picturing SpaceX becoming some boring pillar of economic stability like AT&T, can you? Speaking to his employees in February, Musk described his dream for the future of SpaceX as one full of space catapults, a Dyson sphere around the sun, and AI that feeds on secret knowledge previously known only to long-dead aliens.

 In other words, if you’re imagining good old fashioned American capitalist enterprise with healthy profits, dividends, and market-friendly competition, like something from a 1940s propaganda film, you’re investing in the wrong company. [embed]https://www.youtube.com/watch?v=eFvOPpBVff0[/embed] To wit: SpaceX’s corporate governance regime will be set up in such a way that the CEO and chairman cannot be fired, according to a report last month from Reuters. SpaceX will have different classes of stock with different power levels. Class A for pension funds and Robinhood users—plebs, in other words—and Class B for people who matter. Class B stock will carry ten times the voting power of Class A stock, and Musk will control the Class B stock.

 The IPO filing, part of which is excerpted in the Reuters article, spells this out. Musk “can only be removed from our board or these positions by the vote of Class B holders.” If Musk “retains a significant portion of his holdings of Class B common stock for an extended period of time, he ⁠could continue to control the election and removal of a majority of our board.” Basically, Musk stays in both positions as long as he wants, and can easily veto any effort to fire him. Common shares without voting power aren’t rare these days, but a powerless board is. As a Harvard corporate governance expert named Lucian Bebchuk explained to Reuters, “Usually removal of the CEO is a decision left to the board, and controllers rely on their power to replace the board.”

 So if you own stock in SpaceX, you’re just along for the ride. On Friday, in response to a Financial Times article about SpaceX’s draconian governance scheme, Musk explained himself. Sort of:  Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone’s bullshit quarterly earnings bonus! Obviously, IF SpaceX succeeds in this absurdly difficult goal, it will be worth many orders of… — Elon Musk (@elonmusk) May 15, 2026    “I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars,” he wrote. He often does this. In response to criticism—or just as often in response to fans shielding him from criticism—he would say some variation on if people are mean to me, humanity will never be multiplanetary.

 For instance, when CleanTechnica leapt to his defense after Bernie Sanders criticized him over income inequality in 2021, he replied, “I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars.” That same year, in response to handwringing from European finance ministers about his potential monopoly over satellite launches, he posted, “SpaceX is developing rockets needed to make life multiplanetary — full & rapid reusability at large scale.” Also in 2021, when the FAA expressed concern that SpaceX had overstepped his clearance from the federal government, he wrote about how much he hated the FAA’s space division, saying, “Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars.” Some are predicting shortly after the IPO, the accompanying increase in SpaceX’s valuation will cause Musk’s net worth to cross the trillion-dollar threshold. This isn’t a trivial side effect. Elon Musk is more or less signaling that he is the protagonist of humanity’s future, and everyone else is an NPC. Do you believe that? Then by all means buy the stock (This is not financial advice).      #Elon #Musk #Explains #SpaceX #Board #Powerless #FireElon Musk,ipo,SPACEX

Elon Musk Explains Why the SpaceX Board Must Be Powerless to Fire HimElon Musk Explains Why the SpaceX Board Must Be Powerless to Fire Him
                In an X post on Friday, Elon Musk warned future shareholders that while returns could be massive eventually, those who invest in SpaceX should not “expect entirely smooth sailing along the way,” and that he must be allowed to focus on his mission of making human life “multiplanetary.” I’m thinking you should heed is warning. After all, if you’re considering buying SpaceX stock, what do you think will happen at SpaceX after the expected IPO next month? You can’t be picturing SpaceX becoming some boring pillar of economic stability like AT&T, can you? Speaking to his employees in February, Musk described his dream for the future of SpaceX as one full of space catapults, a Dyson sphere around the sun, and AI that feeds on secret knowledge previously known only to long-dead aliens.

 In other words, if you’re imagining good old fashioned American capitalist enterprise with healthy profits, dividends, and market-friendly competition, like something from a 1940s propaganda film, you’re investing in the wrong company. [embed]https://www.youtube.com/watch?v=eFvOPpBVff0[/embed] To wit: SpaceX’s corporate governance regime will be set up in such a way that the CEO and chairman cannot be fired, according to a report last month from Reuters. SpaceX will have different classes of stock with different power levels. Class A for pension funds and Robinhood users—plebs, in other words—and Class B for people who matter. Class B stock will carry ten times the voting power of Class A stock, and Musk will control the Class B stock.

 The IPO filing, part of which is excerpted in the Reuters article, spells this out. Musk “can only be removed from our board or these positions by the vote of Class B holders.” If Musk “retains a significant portion of his holdings of Class B common stock for an extended period of time, he ⁠could continue to control the election and removal of a majority of our board.” Basically, Musk stays in both positions as long as he wants, and can easily veto any effort to fire him. Common shares without voting power aren’t rare these days, but a powerless board is. As a Harvard corporate governance expert named Lucian Bebchuk explained to Reuters, “Usually removal of the CEO is a decision left to the board, and controllers rely on their power to replace the board.”

 So if you own stock in SpaceX, you’re just along for the ride. On Friday, in response to a Financial Times article about SpaceX’s draconian governance scheme, Musk explained himself. Sort of:  Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone’s bullshit quarterly earnings bonus! Obviously, IF SpaceX succeeds in this absurdly difficult goal, it will be worth many orders of… — Elon Musk (@elonmusk) May 15, 2026    “I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars,” he wrote. He often does this. In response to criticism—or just as often in response to fans shielding him from criticism—he would say some variation on if people are mean to me, humanity will never be multiplanetary.

 For instance, when CleanTechnica leapt to his defense after Bernie Sanders criticized him over income inequality in 2021, he replied, “I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars.” That same year, in response to handwringing from European finance ministers about his potential monopoly over satellite launches, he posted, “SpaceX is developing rockets needed to make life multiplanetary — full & rapid reusability at large scale.” Also in 2021, when the FAA expressed concern that SpaceX had overstepped his clearance from the federal government, he wrote about how much he hated the FAA’s space division, saying, “Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars.” Some are predicting shortly after the IPO, the accompanying increase in SpaceX’s valuation will cause Musk’s net worth to cross the trillion-dollar threshold. This isn’t a trivial side effect. Elon Musk is more or less signaling that he is the protagonist of humanity’s future, and everyone else is an NPC. Do you believe that? Then by all means buy the stock (This is not financial advice).      #Elon #Musk #Explains #SpaceX #Board #Powerless #FireElon Musk,ipo,SPACEX

In an X post on Friday, Elon Musk warned future shareholders that while returns could be massive eventually, those who invest in SpaceX should not “expect entirely smooth sailing along the way,” and that he must be allowed to focus on his mission of making human life “multiplanetary.”

I’m thinking you should heed is warning. After all, if you’re considering buying SpaceX stock, what do you think will happen at SpaceX after the expected IPO next month? You can’t be picturing SpaceX becoming some boring pillar of economic stability like AT&T, can you?

Speaking to his employees in February, Musk described his dream for the future of SpaceX as one full of space catapults, a Dyson sphere around the sun, and AI that feeds on secret knowledge previously known only to long-dead aliens.

In other words, if you’re imagining good old fashioned American capitalist enterprise with healthy profits, dividends, and market-friendly competition, like something from a 1940s propaganda film, you’re investing in the wrong company.

To wit: SpaceX’s corporate governance regime will be set up in such a way that the CEO and chairman cannot be fired, according to a report last month from Reuters. SpaceX will have different classes of stock with different power levels. Class A for pension funds and Robinhood users—plebs, in other words—and Class B for people who matter. Class B stock will carry ten times the voting power of Class A stock, and Musk will control the Class B stock.

The IPO filing, part of which is excerpted in the Reuters article, spells this out. Musk “can only be removed from our board or these positions by the vote of Class B holders.” If Musk “retains a significant portion of his holdings of Class B common stock for an extended period of time, he ⁠could continue to control the election and removal of a majority of our board.”

Basically, Musk stays in both positions as long as he wants, and can easily veto any effort to fire him. Common shares without voting power aren’t rare these days, but a powerless board is. As a Harvard corporate governance expert named Lucian Bebchuk explained to Reuters, “Usually removal of the CEO is a decision left to the board, and controllers rely on their power to replace the board.”

So if you own stock in SpaceX, you’re just along for the ride.

On Friday, in response to a Financial Times article about SpaceX’s draconian governance scheme, Musk explained himself. Sort of:

 

“I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars,” he wrote.

He often does this. In response to criticism—or just as often in response to fans shielding him from criticism—he would say some variation on if people are mean to me, humanity will never be multiplanetary.

For instance, when CleanTechnica leapt to his defense after Bernie Sanders criticized him over income inequality in 2021, he replied, “I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars.” That same year, in response to handwringing from European finance ministers about his potential monopoly over satellite launches, he posted, “SpaceX is developing rockets needed to make life multiplanetary — full & rapid reusability at large scale.” Also in 2021, when the FAA expressed concern that SpaceX had overstepped his clearance from the federal government, he wrote about how much he hated the FAA’s space division, saying, “Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars.”

Some are predicting shortly after the IPO, the accompanying increase in SpaceX’s valuation will cause Musk’s net worth to cross the trillion-dollar threshold. This isn’t a trivial side effect. Elon Musk is more or less signaling that he is the protagonist of humanity’s future, and everyone else is an NPC. Do you believe that? Then by all means buy the stock (This is not financial advice).

#Elon #Musk #Explains #SpaceX #Board #Powerless #FireElon Musk,ipo,SPACEX

In an X post on Friday, Elon Musk warned future shareholders that while returns could be massive eventually, those who invest in SpaceX should not “expect entirely smooth sailing along the way,” and that he must be allowed to focus on his mission of making human life “multiplanetary.”

I’m thinking you should heed is warning. After all, if you’re considering buying SpaceX stock, what do you think will happen at SpaceX after the expected IPO next month? You can’t be picturing SpaceX becoming some boring pillar of economic stability like AT&T, can you?

Speaking to his employees in February, Musk described his dream for the future of SpaceX as one full of space catapults, a Dyson sphere around the sun, and AI that feeds on secret knowledge previously known only to long-dead aliens.

In other words, if you’re imagining good old fashioned American capitalist enterprise with healthy profits, dividends, and market-friendly competition, like something from a 1940s propaganda film, you’re investing in the wrong company.

To wit: SpaceX’s corporate governance regime will be set up in such a way that the CEO and chairman cannot be fired, according to a report last month from Reuters. SpaceX will have different classes of stock with different power levels. Class A for pension funds and Robinhood users—plebs, in other words—and Class B for people who matter. Class B stock will carry ten times the voting power of Class A stock, and Musk will control the Class B stock.

The IPO filing, part of which is excerpted in the Reuters article, spells this out. Musk “can only be removed from our board or these positions by the vote of Class B holders.” If Musk “retains a significant portion of his holdings of Class B common stock for an extended period of time, he ⁠could continue to control the election and removal of a majority of our board.”

Basically, Musk stays in both positions as long as he wants, and can easily veto any effort to fire him. Common shares without voting power aren’t rare these days, but a powerless board is. As a Harvard corporate governance expert named Lucian Bebchuk explained to Reuters, “Usually removal of the CEO is a decision left to the board, and controllers rely on their power to replace the board.”

So if you own stock in SpaceX, you’re just along for the ride.

On Friday, in response to a Financial Times article about SpaceX’s draconian governance scheme, Musk explained himself. Sort of:

 

“I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars,” he wrote.

He often does this. In response to criticism—or just as often in response to fans shielding him from criticism—he would say some variation on if people are mean to me, humanity will never be multiplanetary.

For instance, when CleanTechnica leapt to his defense after Bernie Sanders criticized him over income inequality in 2021, he replied, “I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars.” That same year, in response to handwringing from European finance ministers about his potential monopoly over satellite launches, he posted, “SpaceX is developing rockets needed to make life multiplanetary — full & rapid reusability at large scale.” Also in 2021, when the FAA expressed concern that SpaceX had overstepped his clearance from the federal government, he wrote about how much he hated the FAA’s space division, saying, “Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars.”

Some are predicting shortly after the IPO, the accompanying increase in SpaceX’s valuation will cause Musk’s net worth to cross the trillion-dollar threshold. This isn’t a trivial side effect. Elon Musk is more or less signaling that he is the protagonist of humanity’s future, and everyone else is an NPC. Do you believe that? Then by all means buy the stock (This is not financial advice).



Source link
#Elon #Musk #Explains #SpaceX #Board #Powerless #Fire

TL;DR: Microsoft Office 2024 Home & Business is on sale for $129.97 (reg. $249.99) through May 31 at 11:59 p.m. PT.


$129.97
$249.99 Save $120.02

 

Subscription prices keep climbing, and productivity software is no exception. If you’re tired of monthly payments just to use Word or Excel, this Microsoft Office 2024 Home & Business deal is a refreshing alternative.

For a limited time, Microsoft Office 2024 Home & Business for Mac or PC is on sale for $129.97 (reg. $249.99), and this promo runs through May 31 at 11:59 p.m. PT.

Mashable Deals

By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

This version includes the classic Microsoft apps most of us rely on every day: Word, Excel, PowerPoint, Outlook, and OneNote. Instead of subscribing to Microsoft 365, Office 2024 is a one-time purchase, perfect for those who’d rather own their software outright.

As we’ve discussed before with other Microsoft Office deals, the biggest draw is the combination of familiarity with newer AI-powered tools and performance upgrades. Word now includes Smart Compose suggestions to help speed up writing, while PowerPoint adds improved presentation recording tools with voice narration, video support, and live camera integration for remote meetings or presentations.

Excel also gets some of the biggest upgrades this time around. Microsoft says it now handles larger datasets and multiple spreadsheets more smoothly, plus it brings AI-powered insights to help you spot trends and build visualizations faster.

For business users, Outlook remains a huge perk, bundled with Word, Excel, PowerPoint, and OneNote in the Home & Business edition. Built-in collaboration tools — such as real-time co-authoring, comments, version history, and Microsoft Teams integration — make working with others much easier and more tolerable.

Another practical feature is offline access. Unlike Microsoft 365’s cloud-first approach, Office 2024 works well for anyone who wants reliable software without being online all the time.

This deal is a smart option for freelancers, students, remote workers, small business owners, or anyone clinging to an older Office version and wanting an affordable, up-to-date setup without another recurring bill.

Microsoft Office 2024 Home & Business is currently available for $129.97, 48% off, through May 31 at 11:59 p.m. PT.

StackSocial prices subject to change.

#Microsofts #core #productivity #apps #Office">Get Microsoft’s core productivity apps for 0 with Office 2024
                                                            TL;DR: Microsoft Office 2024 Home & Business is on sale for 9.97 (reg. 9.99) through May 31 at 11:59 p.m. PT.
    
    
    
        
                                        
                                        
                    
                                                    9.97
                                                        9.99
                                                                                         Save 0.02
                                                                        
                
                                         
                    
        
    

Subscription prices keep climbing, and productivity software is no exception. If you’re tired of monthly payments just to use Word or Excel, this Microsoft Office 2024 Home & Business deal is a refreshing alternative.For a limited time, Microsoft Office 2024 Home & Business for Mac or PC is on sale for 9.97 (reg. 9.99), and this promo runs through May 31 at 11:59 p.m. PT.
    Mashable Deals
        
            
            
            
            
            
                By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.
            
        
    

This version includes the classic Microsoft apps most of us rely on every day: Word, Excel, PowerPoint, Outlook, and OneNote. Instead of subscribing to Microsoft 365, Office 2024 is a one-time purchase, perfect for those who’d rather own their software outright.As we’ve discussed before with other Microsoft Office deals, the biggest draw is the combination of familiarity with newer AI-powered tools and performance upgrades. Word now includes Smart Compose suggestions to help speed up writing, while PowerPoint adds improved presentation recording tools with voice narration, video support, and live camera integration for remote meetings or presentations.Excel also gets some of the biggest upgrades this time around. Microsoft says it now handles larger datasets and multiple spreadsheets more smoothly, plus it brings AI-powered insights to help you spot trends and build visualizations faster.For business users, Outlook remains a huge perk, bundled with Word, Excel, PowerPoint, and OneNote in the Home & Business edition. Built-in collaboration tools — such as real-time co-authoring, comments, version history, and Microsoft Teams integration — make working with others much easier and more tolerable.Another practical feature is offline access. Unlike Microsoft 365’s cloud-first approach, Office 2024 works well for anyone who wants reliable software without being online all the time.
        
            Mashable Deals
        
        
            
                            
                    
                    
                    
                    
                    
                        By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.
                    
                
                        
        
    
This deal is a smart option for freelancers, students, remote workers, small business owners, or anyone clinging to an older Office version and wanting an affordable, up-to-date setup without another recurring bill.Microsoft Office 2024 Home & Business is currently available for 9.97, 48% off, through May 31 at 11:59 p.m. PT.StackSocial prices subject to change.

                    
                                            
                            
                        
                                    #Microsofts #core #productivity #apps #Office

Microsoft Office 2024 Home & Business is on sale for $129.97 (reg. $249.99) through May 31 at 11:59 p.m. PT.


$129.97
$249.99 Save $120.02

 

Subscription prices keep climbing, and productivity software is no exception. If you’re tired of monthly payments just to use Word or Excel, this Microsoft Office 2024 Home & Business deal is a refreshing alternative.

For a limited time, Microsoft Office 2024 Home & Business for Mac or PC is on sale for $129.97 (reg. $249.99), and this promo runs through May 31 at 11:59 p.m. PT.

Mashable Deals

By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

This version includes the classic Microsoft apps most of us rely on every day: Word, Excel, PowerPoint, Outlook, and OneNote. Instead of subscribing to Microsoft 365, Office 2024 is a one-time purchase, perfect for those who’d rather own their software outright.

As we’ve discussed before with other Microsoft Office deals, the biggest draw is the combination of familiarity with newer AI-powered tools and performance upgrades. Word now includes Smart Compose suggestions to help speed up writing, while PowerPoint adds improved presentation recording tools with voice narration, video support, and live camera integration for remote meetings or presentations.

Excel also gets some of the biggest upgrades this time around. Microsoft says it now handles larger datasets and multiple spreadsheets more smoothly, plus it brings AI-powered insights to help you spot trends and build visualizations faster.

For business users, Outlook remains a huge perk, bundled with Word, Excel, PowerPoint, and OneNote in the Home & Business edition. Built-in collaboration tools — such as real-time co-authoring, comments, version history, and Microsoft Teams integration — make working with others much easier and more tolerable.

Another practical feature is offline access. Unlike Microsoft 365’s cloud-first approach, Office 2024 works well for anyone who wants reliable software without being online all the time.

This deal is a smart option for freelancers, students, remote workers, small business owners, or anyone clinging to an older Office version and wanting an affordable, up-to-date setup without another recurring bill.

Microsoft Office 2024 Home & Business is currently available for $129.97, 48% off, through May 31 at 11:59 p.m. PT.

StackSocial prices subject to change.

#Microsofts #core #productivity #apps #Office">Get Microsoft’s core productivity apps for $130 with Office 2024

TL;DR: Microsoft Office 2024 Home & Business is on sale for $129.97 (reg. $249.99) through May 31 at 11:59 p.m. PT.


$129.97
$249.99 Save $120.02

 

Subscription prices keep climbing, and productivity software is no exception. If you’re tired of monthly payments just to use Word or Excel, this Microsoft Office 2024 Home & Business deal is a refreshing alternative.

For a limited time, Microsoft Office 2024 Home & Business for Mac or PC is on sale for $129.97 (reg. $249.99), and this promo runs through May 31 at 11:59 p.m. PT.

Mashable Deals

By signing up, you agree to receive recurring automated SMS marketing messages from Mashable Deals at the number provided. Msg and data rates may apply. Up to 2 messages/day. Reply STOP to opt out, HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

This version includes the classic Microsoft apps most of us rely on every day: Word, Excel, PowerPoint, Outlook, and OneNote. Instead of subscribing to Microsoft 365, Office 2024 is a one-time purchase, perfect for those who’d rather own their software outright.

As we’ve discussed before with other Microsoft Office deals, the biggest draw is the combination of familiarity with newer AI-powered tools and performance upgrades. Word now includes Smart Compose suggestions to help speed up writing, while PowerPoint adds improved presentation recording tools with voice narration, video support, and live camera integration for remote meetings or presentations.

Excel also gets some of the biggest upgrades this time around. Microsoft says it now handles larger datasets and multiple spreadsheets more smoothly, plus it brings AI-powered insights to help you spot trends and build visualizations faster.

For business users, Outlook remains a huge perk, bundled with Word, Excel, PowerPoint, and OneNote in the Home & Business edition. Built-in collaboration tools — such as real-time co-authoring, comments, version history, and Microsoft Teams integration — make working with others much easier and more tolerable.

Another practical feature is offline access. Unlike Microsoft 365’s cloud-first approach, Office 2024 works well for anyone who wants reliable software without being online all the time.

This deal is a smart option for freelancers, students, remote workers, small business owners, or anyone clinging to an older Office version and wanting an affordable, up-to-date setup without another recurring bill.

Microsoft Office 2024 Home & Business is currently available for $129.97, 48% off, through May 31 at 11:59 p.m. PT.

StackSocial prices subject to change.

#Microsofts #core #productivity #apps #Office
Snap, YouTube, and TikTok have settled the first lawsuit of its kind, alleging that social media addiction has cost public schools massive amounts of money, according to Bloomberg. The suit, filed by the Breathitt County School District in Kentucky, claims that social media has disrupted learning and created a mental health crisis, straining budgets. The terms of the settlement have not been revealed yet, and Meta is still facing a trial in the same suit, which is viewed as a bellwether for over 1,000 similar lawsuits across the country

This follows an earlier case, settled by Snap and TikTok, in which a 19-year-old plaintiff claimed significant personal injury due to addictive social media apps. Google and Meta did not agree to a settlement in that suit, and it eventually went to trial, where a jury awarded the plaintiff $6 million. Meta also recently lost a suit brought by New Mexico’s Attorney General, to the tune of $375 million.

Beyond monetary awards, many, including New Mexico, are pushing for significant changes to social media apps to limit their harm to minors. And this is just the start of what’s shaping up to be a busy year for social media lawsuits. According to Bloomberg, lawyers representing school districts said their “focus remains on pursuing justice for the remaining 1,200 school districts who have filed cases.”

#Snap #YouTube #TikTok #settle #suit #harm #studentsCreators,Facebook,Law,Meta,News,Policy,Snapchat,Social Media,Streaming,Tech,TikTok,YouTube">Snap, YouTube, and TikTok settle suit over harm to studentsSnap, YouTube, and TikTok have settled the first lawsuit of its kind, alleging that social media addiction has cost public schools massive amounts of money, according to Bloomberg. The suit, filed by the Breathitt County School District in Kentucky, claims that social media has disrupted learning and created a mental health crisis, straining budgets. The terms of the settlement have not been revealed yet, and Meta is still facing a trial in the same suit, which is viewed as a bellwether for over 1,000 similar lawsuits across the countryThis follows an earlier case, settled by Snap and TikTok, in which a 19-year-old plaintiff claimed significant personal injury due to addictive social media apps. Google and Meta did not agree to a settlement in that suit, and it eventually went to trial, where a jury awarded the plaintiff  million. Meta also recently lost a suit brought by New Mexico’s Attorney General, to the tune of 5 million.Beyond monetary awards, many, including New Mexico, are pushing for significant changes to social media apps to limit their harm to minors. And this is just the start of what’s shaping up to be a busy year for social media lawsuits. According to Bloomberg, lawyers representing school districts said their “focus remains on pursuing justice for the remaining 1,200 school districts who have filed cases.”#Snap #YouTube #TikTok #settle #suit #harm #studentsCreators,Facebook,Law,Meta,News,Policy,Snapchat,Social Media,Streaming,Tech,TikTok,YouTube

Bloomberg. The suit, filed by the Breathitt County School District in Kentucky, claims that social media has disrupted learning and created a mental health crisis, straining budgets. The terms of the settlement have not been revealed yet, and Meta is still facing a trial in the same suit, which is viewed as a bellwether for over 1,000 similar lawsuits across the country

This follows an earlier case, settled by Snap and TikTok, in which a 19-year-old plaintiff claimed significant personal injury due to addictive social media apps. Google and Meta did not agree to a settlement in that suit, and it eventually went to trial, where a jury awarded the plaintiff $6 million. Meta also recently lost a suit brought by New Mexico’s Attorney General, to the tune of $375 million.

Beyond monetary awards, many, including New Mexico, are pushing for significant changes to social media apps to limit their harm to minors. And this is just the start of what’s shaping up to be a busy year for social media lawsuits. According to Bloomberg, lawyers representing school districts said their “focus remains on pursuing justice for the remaining 1,200 school districts who have filed cases.”

#Snap #YouTube #TikTok #settle #suit #harm #studentsCreators,Facebook,Law,Meta,News,Policy,Snapchat,Social Media,Streaming,Tech,TikTok,YouTube">Snap, YouTube, and TikTok settle suit over harm to students

Snap, YouTube, and TikTok have settled the first lawsuit of its kind, alleging that social media addiction has cost public schools massive amounts of money, according to Bloomberg. The suit, filed by the Breathitt County School District in Kentucky, claims that social media has disrupted learning and created a mental health crisis, straining budgets. The terms of the settlement have not been revealed yet, and Meta is still facing a trial in the same suit, which is viewed as a bellwether for over 1,000 similar lawsuits across the country

This follows an earlier case, settled by Snap and TikTok, in which a 19-year-old plaintiff claimed significant personal injury due to addictive social media apps. Google and Meta did not agree to a settlement in that suit, and it eventually went to trial, where a jury awarded the plaintiff $6 million. Meta also recently lost a suit brought by New Mexico’s Attorney General, to the tune of $375 million.

Beyond monetary awards, many, including New Mexico, are pushing for significant changes to social media apps to limit their harm to minors. And this is just the start of what’s shaping up to be a busy year for social media lawsuits. According to Bloomberg, lawyers representing school districts said their “focus remains on pursuing justice for the remaining 1,200 school districts who have filed cases.”

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