Meta shares drop on fears US verdicts open door to deluge of lawsuits

By Harshita Mary Varghese and Anhata Rooprai March 26 (Reuters) - Meta Platforms shares dropped 7% on Thursday after two verdicts holding it liable for harm to young users sparked fears ‌the social media giant may have to overhaul the design practices that have underpinned its ‌sprawling advertising business. While fines from the U.S. trials in New Mexico and Los Angeles totaled only a few hundred million dollars, ​experts and investors said the verdicts could open the company to a wave of litigation t ...