Meta Platforms (META) Child Safety Lawsuit Proceeds as AI Data Center Deal Advances

Core Insights - Meta Platforms, Inc. (NASDAQ:META) is facing a lawsuit in New Mexico for allegedly exposing minors to sexual exploitation on its platforms, including WhatsApp, Instagram, and Facebook [2][3] - The company has denied the allegations and plans to appeal a previous verdict that awarded $425 million in damages [3] - Despite these legal challenges, Meta is advancing its strategic initiatives, including a multi-year partnership with Corning valued at up to $6 billion to enhance AI data center infrastructure in the U.S. [4] Legal Challenges - The lawsuit was filed by General Raúl Torrez, claiming that Meta ignored the risks posed by predators to minors, leading to physical and mental health issues [3] - Jury selection for the trial is scheduled, with the trial expected to last approximately seven to eight weeks [3] Strategic Initiatives - Meta announced a significant partnership with Corning to expand AI data center infrastructure, indicating a commitment to technological advancement [4] - Analyst sentiment remains positive, with KeyBanc raising its price target for Meta from $835 to $855, citing strong Q4 results and productivity gains from AI [5] Company Overview - Meta Platforms owns several major social media platforms, including Facebook, Instagram, WhatsApp, and Messenger, and is focused on developing AI-driven technologies [6]