4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
The lawsuits claim platforms like Facebook and Instagram are “designed for compulsive use, have rewired the way children think, behave, and learn.” Meta Platforms Inc. owns Facebook and Instagram, while Snap Inc. owns SnapChat and ByteDance Ltd. owns TikTok. Representatives of the social media companies didn't immediately respond to messages seeking comment. Dozens of U.S. states, including California and New York, are also suing Meta Platforms Inc. for harming young people and contributing to a youth mental health crisis by knowingly and deliberately designing features on Instagram and Facebook that addict children to its platforms. The school boards in Canada suing are the Toronto District School Board, the Peel District School Board, the Toronto Catholic District School Board and the Ottawa-Carleton District School Board. They are seeking damages for disruption to student learning and the education system. Duncan Embury, a lawyer for the firm representing the boards, sai
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 4
- 4/24/24 - Form PX14A6G
- META's page on the SEC website