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Big tech sell alert as Google and Meta face massive legal setback
Finbold· 2026-03-26 12:57
Big Tech giants Google (NASDAQ: GOOGL) – via its YouTube video streaming business – and Meta Platforms (NASDAQ: META) faced a significant legal setback on March 25 in a legal dispute that could, eventually, profoundly affect how social media operates.Specifically, a jury in Los Angeles found the two big tech firms liable for causing harm to a young user due to allegedly designing their platforms to be highly addictive. Alphabet and Meta were, simultaneously, ordered to pay $6 million in punitive and compens ...