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Meta pulled up for hiding mental health harm claims

Financial Express Chandigarh

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November 24, 2025

US COURT FILINGS ALLEGE

- JEFF HORWITZ

META SHUT DOWN internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by US school districts against Meta and other social media platforms.

In a 2020 research project code-named “Project Mercuty,” Meta scientists worked with survey firm Nielsen to gauge the effect of “deactivating” Facebook, according to Meta documents obtained via discovery. To the company’s disappointment, “people who stopped using Facebook for a week reported lower feelings of depression, anxiety, loneliness and social comparison,” internal documents said.

Rather than publishing those findings or pursuing additional research, the filing states, Meta called off further work and internally declared that the negative study findings were tainted by the “existing media narrative” around the company. Privately, however, a staffer insisted that the conclusions of the research were valid, according to the filing.

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Digi payments: SBI & BoB get nod to set up intelligence arm

STATE BANK OF India (SBI) and Bank of Baroda (BoB) have received approval from the Reserve Bank of India (RBI) to form section-8 companies under the Companies Act, 2013 for digital payments intelligence platform called Indian Digital Payment Intelligence Corporation (IDPIC), lenders informed the exchanges on Wednesday.

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Adani Enterprises’ ₹25K-cr rights issue oversubscribed

ADANI ENTERPRISES SAID on Wednesday its ₹25,000-crore rights issue was oversubscribed, marking the group's biggest capital raise since a short-seller's allegations roiled the ports-to-power conglomerate in 2023.

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CPSE dividends reach 60% of FY26 target

GOVT FINANCES BOOSTER

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Fast adoption to define AI winners: Nadella

NADELLA SAID INDIA'S momentum was supported by a virtuous cycle created by public digital infrastructure, policy frameworks and a large domestic market.

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State refiners lead in Russia oil deals; RIL halts purchases

FOUR OUT OF seven largest refiners in India are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as heavyweight Reliance Industries stays away.

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2 mins

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Financial Express Chandigarh

US court reverses $1-bn order against Byju Raveendran

A US BANKRUPTCY court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn - the parent firm of edtech platform Byju's.

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Meesho closes up 53% after listing at 46% premium

STOCK PERFORMANCE

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Are you helpless? Delhi HC asks Centre

THE DELHI HIGH Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

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1 min

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Amazon adds $35 bn to India cart

INVESTMENT TO ADVANCE AI-LED DIGITISATION, EXPORT GROWTH, JOB CREATION

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Financial Express Chandigarh

India's offer best: USTR

THE US IS facing barriers in many markets for its agriculture commodities.

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