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Meta Platforms Stock Drops as 29-State Youth-Harm Trial Opens in Oakland

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig5.60Sen-6.20Env0.00Soc-5.10Gov-4.40

Meta Platforms shares fell 4% after a 29-state youth-harm trial opened in Oakland. Meta says damages could reach $1.4 trillion, a figure state attorneys general dispute. A New Mexico court ordered Meta to pay $567 million for teen mental health, plus $375 million in civil penalties. Despite rising ad revenue, investors flagged legal costs and risk.

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