PANews reported on November 23 that, according to Zhitong Finance, in a class-action lawsuit filed by multiple school districts against Meta and other social media platforms in the United States, the full litigation documents revealed that the company halted related internal research after discovering causal evidence that its Facebook and Instagram products had an adverse impact on users' mental health.
Internal Meta documents obtained during the investigation reveal that in a 2020 research project codenamed "Project Mercury," Meta researchers collaborated with Nielsen to assess the impact of discontinuing Facebook and Instagram use. The documents indicate that the results were quite dissatisfying for the company: "Users who stopped using Facebook for a week reported a reduction in depression, anxiety, loneliness, and social pressure." The lawsuit alleges that although Meta's own research confirmed a causal link between its products and users' impaired mental health, the company claimed to Congress that it could not quantify whether its products would harm teenage girls.


The crypto exchange integrates Morpho lending into its app, letting USDC users tap DeFi yields of up to 10.8%. Coinbase is rolling out a new way for users to earn yields on their USDC holdings, marking one of the exchange’s first large-scale integrations with decentralized finance (DeFi) at a time of accelerating stablecoin adoption.The company announced Thursday that it is integrating the Morpho lending protocol, with vaults curated by DeFi advisory company Steakhouse Financial, directly into the Coinbase app. The move will allow users to lend USDC (USDC) without navigating third-party DeFi platforms or wallets.Coinbase already pays up to 4.5% APY in rewards for holding USDC on its platform. With the new DeFi lending option, however, users can tap into onchain markets and potentially earn yields of up to 10.8% as of Wednesday, according to Coinbase.Read more
