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Meta Stock Dropped 8% Today. Here's Why—And What You Need to Know Now
Investopedia· 2026-03-26 20:45
What Investors Need to Know About the Court Verdict Experts Say 'Jeopardizes' the Social Media Business The Scrutiny of Prediction Markets Has Stepped Up Can Flying in the U.S. Get Any Worse? Top Stories Experts say the risks presented by this week's ruling may go beyond financial damages. Samuel Boivin / NurPhoto via Getty Images Close Key Takeaways A court ruling against the parent companies of Facebook and YouTube has investors worried about what's next for the powerhouse businesses. A Los Angel ...
New Mexico lays out options to force changes at Meta after court win
Reuters· 2026-03-26 20:06
New Mexico lays out options to force changes at Meta after court win | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv New Mexico Attorney General Raul Torrez speaks during the Community Impact Hearing on the public impact of federal firings and DOGE funding freezes by U.S. President Donald Trump's... Purchase Licensing Rights, opens new tabRead more NEW YORK, March 26 - Talk about regulating social media to make it safer for children often gravitates a ...
Meta shares slip after US jury verdicts raise concerns of new legal exposure
Reuters· 2026-03-26 16:37
Meta shares slip after US jury verdicts raise concerns of new legal exposure | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Teenagers pose for a photo while holding smartphones in front of a Meta logo in this illustration taken September 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab More than 2,400 such cases have been centralized before a single judge in California federal court, while thousands of cases are cons ...
Meta stock today drops over 5% after social media addiction trial – here's what the verdict means for investors
The Economic Times· 2026-03-26 15:48
: Shares of Meta Stock Drops Today Amid Social Media Addiction Trial: Meta Found Liable for User HarmOne of the biggest triggers came from a landmark social media addiction case, where a jury found Meta, including Instagram, liable for contributing to harmful and addictive behavior among a young user, as per a report. Meta Lawsuit Explained: What the Jury FoundThe ruling mentioned that the company’s platform design played a role in that harm and that it failed to properly warn users about the risks, as per ...
Meta Shares Dip Amid $6M Verdict, Layoffs And More
Benzinga· 2026-03-26 14:24
Broader market weakness and rising energy costs, with oil prices moving higher, may also be weighing on shares.Meta stock is under selling pressure. What’s driving META stock lower?Jury Finds Meta Liable In Social Media Addiction CaseA jury found Meta and YouTube liable for creating products that led to harmful and addictive behavior in young users, awarding $3 million in compensatory damages and $3 million in punitive damages to the plaintiff, per CBS News.Jurors determined that Meta was negligent in desig ...
Meta's court defeats add to Zuckerberg's recent woes, represent 'watershed event' for social media
CNBC· 2026-03-26 12:10
In this articleMETAMeta CEO and Chairman Mark Zuckerberg arrives at Los Angeles Superior Court ahead of the social media trial tasked to determine whether social media giants deliberately designed their platforms to be addictive to children, in Los Angeles, on Feb. 18, 2026.Frederic J. Brown | AFP | Getty ImagesMeta suffered stinging rebukes in two high-profile court cases this week, adding to the company's challenges as it tries to navigate an increasingly complex social media environment while also chasin ...
Explainer: What recent Meta and Google verdicts mean for social media safety
BusinessLine· 2026-03-26 01:30
Recent jury verdicts in Californiaand New Mexico involving Meta Platforms and Alphabet'sGoogle are sharpening scrutiny of social mediacompanies as plaintiffs advance legal theories aimed at holdingplatforms liable for harm to children. ​Here's a look at how thecases could be an early test of how courts may handle similarclaims going forward.WHAT DID ‌THE LOS ANGELES JURY FIND?The jury ordered Meta and Google on Wednesday to pay a ​combined$6 million in damages to plaintiff Kaley G.M., a 20-year-old whosaid ...
‘Big Tech invincibility is over:' Historic social medial addiction ruling against Meta, Google could open legal floodgates
New York Post· 2026-03-25 19:29
A historic ruling finding Mark Zuckerberg’s Meta and YouTube parent Google liable for fueling teen social media addiction could open the floodgates for an unprecedented legal crackdown on Big Tech, critics told The Post.Following nine days of deliberations, a Los Angeles jury ruled Wednesday in favor of a 20-year-old woman known only as “KGM,” who said apps like Facebook and Instagram wrecked her mental health after she became addicted to them as a teen.The woman was awarded $3 million in compensatory damag ...
Jury Finds Meta, Google Negligent in Social Media Addiction Trial
CNET· 2026-03-25 18:34
A California jury found Instagram owner Meta and Google's parent company Alphabet liable on Wednesday in a lawsuit brought by a 20-year-old woman who alleged that YouTube and Instagram were designed to be addictive to children.The verdict, reported earlier by Reuters, could have wide ramifications in a host of similar liability cases that have accused tech giants of intentionally creating addictive platforms to hook children as users.Meta and Google will have to pay $3 million in compensatory damages, to be ...
LA Jury Finds Meta & Google Negligent In Social Media Addiction Trial; Zuckerberg's Tech Giant Says “Respectfully Disagree With The Verdict”
Deadline· 2026-03-25 18:07AI Processing
After over a week of deliberations, a Los Angeles jury today delivered a potential game changing verdict of negligence against social media giants and Google for creating addictive products and platforms that harm minors. With possibly tens of millions in punitive damages still to be determined, the jury has awarded $3 million in compensatory damages to plaintiff K.G.M. Obviously, that’s nothing to the Mark Zuckerberg-owned Facebook and Instagram parent company and YouTube‘s bosses. However, if yesterday’ ...