'Meta Must Face Some Claims by State AGs in Addiction Lawsuit' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. is facing legal challenges as state attorneys general pursue claims related to addiction issues allegedly caused by its platforms. A judge has ruled that some of these claims can proceed, potentially impacting Meta's legal and financial standing.
October 15, 2024 | 7:08 pm
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Meta Platforms Inc. is facing a lawsuit from state attorneys general over addiction claims related to its platforms. A judge has allowed some claims to proceed, which could have legal and financial implications for the company.
The lawsuit involves serious allegations that could lead to financial penalties or changes in business practices for Meta. The decision to allow some claims to proceed increases the likelihood of a negative impact on Meta's stock price in the short term.
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