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Meta Platforms, Inc. - Class A (META)
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Source: CNN
Los Angeles — The plaintiff — identified by her first name, Kaley, or her initials, KGM — and her mother accused the tech companies of intentionally creating addictive platforms that caused her to develop anxiety, body dysmorphia and suicidal thoughts. Lawyers for Meta and YouTube have indicated they will argue that a difficult family life, not social media, was responsible for her mental health challenges. Speaking on Monday in front of a jury in state court in Los Angeles, Kaley's lawyer Mark Lanier called social media apps like YouTube and Instagram “digital casinos,” saying the app's “endless scroll feature” creates dopamine hits that can lead to addiction. “This case is about two of the richest corporations who have engineered addiction in children's brains,” Lanier said in his opening statement. “The swipe, for a child, like Kaley, this motion is a handle of a slot machine. But every time she swipes, it's not for money, but for mental stimulation.” Parents and safety ad
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High impacting Meta Platforms, Inc. - Class A news events
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META
News
- Social media companies accused of "addicting the brains of children" as trial begins [CBS News]CBS News
- Meta researcher warned of 500K child exploitation cases daily on Facebook and Instagram platforms [FOX Business Network]FOX Business Network
- Trial starts in L.A. lawsuit alleging Instagram and YouTube knew apps harmed kids [Los Angeles Times (CA)]Los Angeles Times
- Meta, Google face jury in landmark U.S. addiction trial [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Meta Platforms Stock Going to $1,000? [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 2/9/26 - Form 144
- 2/4/26 - Form 4
- 2/3/26 - Form 144
- META's page on the SEC website