Facebook Faces Legal Risk Similar to Big Tobacco or OxyContin, Analyst Says

Barrons2021-10-11

Recent revelations and scrutiny from Congress over Facebook’s role in society could lead to major lawsuits against the social-media giant, according to new research that drew comparisons with ...

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BBBBBBBBBB
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2021-10-11
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2021-10-11
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  what happen?
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2021-10-11
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href=https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recent revelations and scrutiny from Congress over Facebook’s role in society could lead to major lawsuits against the social-media giant, according to new research that drew comparisons with ...</p>\n\n<a href=\"https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119?mod=hp_LATEST\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.barrons.com/articles/facebook-faces-legal-risk-big-tobacco-oxycontin-51633956119?mod=hp_LATEST","article_id":"1108627633","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108627633","pubTimestamp":1633957828,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Recent revelations and scrutiny from Congress over Facebook’s role in society could lead to major 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co-founder and CEO Mark Zuckerberg last week said that “many of the claims don’t make any sense,” pushing back against allegations that arose in the Journal’s reports and the whistleblower’s testimony, in a post on social media.\nBlair Levin, an analyst at London-based technology industry research group New Street Research, wrote Sunday that “while we have been skeptical that past revelations would lead to government action, we think this time is different and as a result, we think Facebook may now face a similar challenge from increased litigation as tobacco, or more recently, OxyContin.”\nLevin served as chief of staff to the chair of the Federal Communications Commission in the 1990s.\nThe analyst said that while the facts and damages are different for Facebook than those faced by the tobacco industry or Purdue Pharma—the maker of opioid medication OxyContin—the fundamental legal framework is the same.\nThere is a product with problematic consequences for many people, management 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