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First reported by Engadget
Meta is facing $1.4 trillion in state lawsuits over social media addiction

Meta faces potential $1.4 trillion penalty in youth addiction lawsuit brought by four US states

By

Diana Novak Jones

5h ago· 4 min readenNews
technologysocial mediabusinesslegal

Summary

Meta Platforms faces potential $1.4 trillion in penalties after four states (California, Colorado, Kentucky, New Jersey) accused the company of deliberately designing Facebook and Instagram to addict young users while misleading the public about platform safety. The figure, disclosed by Meta in a court filing, is close to the company's roughly $1.5 trillion market value. A pivotal trial is set to begin in August in Oakland, California.

Source

Hacker NewsMeta faces potential $1.4 trillion penalty in youth addiction lawsuit brought by four US statesthe-independent.com

Key quotes

· 3 pulled
The eye-watering figure was disclosed by Meta itself in a recent court filing responding to attorneys general's proposed penalty calculations.
The total is close to the company's roughly $1.5 trillion market value.
The disclosure comes ahead of a pivotal trial beginning in August in Oakland, California.
Snippet from the RSS feed
Meta Platforms said in a court filing on Monday that four states were seeking $1.4 ​trillion in penalties over accusations that the company designed its Facebook and Instagram platforms to addict young users

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