Meta, social media stocks continue slide Friday amid fallout from lawsuit losses

Meta (META) stock fell more than 4% on Friday, as Wall Street continued to grapple with the company’s loss in a landmark social media lawsuit on Wednesday. A Los Angeles jury found Meta and YouTube parent Google (GOOG, GOOGL) negligent in protecting young users on their platforms. That sent shares of the companies tumbliing Thursday, with declining as much as 8% on the day. The suit, which revolved around whether the companies designed their apps to keep young users hooked and if they knew doing so was ...