Bitcoin plunged to as low as $39,787 Tuesday as investors learned that Jerry, the cashier from GameStop, decided to stop his $10 Bitcoin DCA.
DCA (Dollar-Cost Averaging) is when an investor puts a set amount of money into an asset every certain amount of days/weeks/months regardless of the price. When questioned about the decision to stop his DCA strategy, Jerry said "I have been notified by the wonderful r/Buttcoin that Bitcoin is a Ponzi scheme and will be going to zero shortly. I am sorry to everyone I let down by pulling out of the market and causing a crash, but you need to realize sooner or later the gig will be up and all of your money in Bitcoin will be lost. Get out while you still can. This is not financial advice."
Meta, the owner of Facebook, Instagram and Whatsapp, has been ordered to pay $375m (£280m) in damages after it was found to have knowingly harmed children's mental health.
A jury in Los Angeles found ‌Google and Meta liable for a woman's social media addiction in a landmark social media lawsuit.
Hundreds of British teenagers are set to take part in a trial to find out how effective a ban or restrictions on social media would be.
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If you spend much time on social media, you'll have surely noticed the surge in AI-generated video filling up your feed.
Former Google executive Matt Brittin is expected to be the next director-general of the BBC.
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