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Meta Platforms Drops After New Mexico Court Orders Teen Mental Health Damages

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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Meta Platforms shares fell about 4% as markets repriced legal risk across social media. Pinterest and Snap also dropped. Earlier, a New Mexico District Court ordered Meta to pay $567 million for teen mental health plus $375 million in civil penalties. A March jury found Meta and YouTube negligent in a self-harm dependency case, awarding $6 million in damages and punitive awards.

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