Zuckerberg Defends Instagram Policies in Court

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Meta CEO Mark Zuckerberg testified in a Los Angeles trial, denying claims that Instagram intentionally targets children under 13.

The case centers on allegations that social media platforms harmed a user’s mental health during childhood. Lawyers presented internal company documents suggesting discussions around engaging younger audiences, while Zuckerberg maintained that Meta does not permit users below the minimum age requirement.

He acknowledged past internal conversations about creating safer versions of services for younger users but stated such plans were never implemented.

The lawsuit forms part of a broader wave of legal challenges facing major technology companies over their impact on young users’ wellbeing.

Meta has argued that its platforms include safety measures and that verifying user age remains a broader industry challenge.

The trial could influence future legal debates around platform responsibility and digital product design.

Etsy Shares Rise After Depop Sale

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Etsy shares climbed following the announcement that the company will sell its fashion resale platform Depop to eBay for nearly $1.2 billion.

The move is expected to help Etsy refocus on its core marketplace for handmade and vintage goods as it works toward improving profitability under new leadership.

Despite weaker quarterly performance and softer demand linked to cautious consumer spending, investors responded positively to the divestiture. Analysts noted that Depop had lower profitability compared to Etsy’s main platform, making the sale a strategic step to strengthen margins.

Etsy reported fourth-quarter revenue slightly below expectations, while gross merchandise sales on its primary marketplace declined marginally.

Looking ahead, the company projects modest growth in 2026, supported by marketing initiatives and operational adjustments.

The Depop transaction is expected to close in the second quarter of 2026.

Visa Expands in Argentina with Prisma Deal

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Visa has announced plans to acquire payment platforms Prisma and Newpay from private equity firm Advent International, strengthening its presence in Argentina’s financial technology sector.

The acquisition will integrate Visa’s global network with established local infrastructure, supporting broader adoption of digital payment solutions across the country.

Visa indicated that the move would accelerate the rollout of technologies such as tokenization, biometric verification and advanced risk management tools for both consumers and businesses.

Prisma is one of Argentina’s largest card issuing platforms, processing billions of transactions annually for major banks. Newpay complements this ecosystem by providing payment infrastructure, ATM services and electronic bill payment systems.

The transaction is expected to be completed in early 2026, though financial terms have not been disclosed.

The development reflects ongoing efforts to modernize payment systems and expand digital finance capabilities in Argentina.