Meta Faces Major Legal Challenge | Business and Finance News

Meta’s stock plummets 4% as it faces a major legal showdown in California, where 29 states allege the company knowingly engineered its platforms to addict young users — a case some are calling the “big tobacco moment” for social media. Following a recent billion-dollar loss in New Mexico, Meta now bristles at what it calls “unsubstantiated” claims and sky-high damages, but this new lawsuit could reshape accountability across the entire tech industry. The trial kicks off Tuesday, and the world is watching. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b77cd98ca29a5687