August 10, 2026
(META, GOOGL, SNAP, TikTok) Social Media Litigation: The Next Cases and Broader Industry Risk
With Meta’s (META) latest loss in New Mexico’s child-safety case last Thursday, we wanted to provide a comprehensive state-by-state overview of the litigation and regulatory risks facing social media companies, including Meta, Google (GOOGL), Snap…
July 29, 2026
(META, GOOGL, SNAP, PINS, RDDT, STUB, LYV) California: Social Media Bill Likely to Pass; Ticket Resale Cap More Uncertain
We wanted to update you on two California bills that we believe are likely to become law and would negatively Meta Platforms (META), Alphabet (GOOGL), Snap (SNAP), Pinterest (PINS), Reddit (RDDT), TikTok, StubHub (STUB) and…
July 1, 2026
(META, GOOGL, SNAP, PINS) California Softens Under-16 Social Media Bill, but Passage Odds Rise
We have raised our odds to 70% that California’s AB 1709, which would restrict social media companies, including META, GOOGL, SNAP, and PINS, from providing addictive features to users under 16, will become law. AB…
May 13, 2026
(META, GOOGL, SNAP, TikTok) AB 1709 Watch: Timeline and Outlook for California’s Youth Social Media Bill
Below we provide an update on AB 1709, legislation in California that would ban kids under 16 years old from creating accounts on social media platforms (META, GOOGL, SNAP, TikTok) with addictive features. We continue…
April 20, 2026
Capitol Policy Weekly: Reconciliation, Warsh, Export Controls, California Social Media in Focus
With the House and Senate both in session this week, Washington’s focus will remain concentrated on the Iran-U.S. conflict, which heated up yesterday after the U.S. seized an Iranian ship. We have though an escalation…
April 17, 2026
(META, GOOGL, SNAP, TikTok) California’s Bipartisan Push to Ban Under-16s from Social Media Clears First Hurdle
We assign roughly 65% probability that California’s pending legislation, AB 1709, which is a bipartisan ban on kids under 16 years old from creating accounts on social media platforms (META, GOOGL, SNAP, TikTok) that have…
March 18, 2026
META, GOOGL, RDDT: Section 230 Under Attack in Senate Commerce Committee Hearing
While this morning’s Senate Commerce Committee hearing, entitled “Liability or Deniability? Platform Power as Section 230 Turns 30,” was lively and somewhat surprisingly well attended, we seriously doubt any material erosion of Section 230 protections for social media companies such as Meta (META), Alphabet’s YouTube (GOOGL), and Reddit (RDDT) will pass…
March 17, 2026
(SNAP, RBLX, GOOGL, META) Kids Online Safety Legislation: Narrow Path Despite Renewed Momentum
We estimate roughly a 35% probability that Congress will enact a youth online safety legislative package, including the Kids Online Safety Act (KOSA), COPPA 2.0, and the Kids Off Social Media Act (KOSMA) or similar legislation. The combo of these measures would be negative for Snap (SNAP), Roblox (RBLX), Meta (META), and Alphabet’s…