Meta faces a major lawsuit in California, initiated by a coalition of 29 state attorneys general, accusing its products of fueling youth addiction, with potential damages ranging from $200 billion to $1.4 trillion.
Closing arguments are set to begin on Tuesday in what industry experts have dubbed social media's "big tobacco moment," a case that could result in Meta paying massive fines and making fundamental changes to its key algorithms. This follows a similar case in New Mexico where Meta was ordered to pay nearly $1 billion and make service modifications. Meta states that the allegations are unfounded and the financial demands are disproportionate.
Source:CNBC头条 · Source Link
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