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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe ongoing debate surrounding social media addiction has seen prominent tech companies present their legal positions. A Google lawyer recently asserted that its video platform, YouTube, should not be classified as social media and does not contribute to addiction. This argument comes amidst increasing scrutiny over the societal impact of major online platforms. Concurrently, Meta's lawyer, Paul Schmidt, highlighted the existing disagreement within the scientific community regarding the very concept of social media addiction. These statements reflect the evolving legal and public discourse concerning the classification and potential health implications of digital services. While these discussions are significant for companies like Google (GOOG) and Meta (META), analysts note no immediate market-moving financial implications from these legal arguments.