Instagram chief compares 'addictive' platform to Netflix binge-watching during trial testimony: report [FOX Business Network]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: FOX Business Network
is dangerously addictive, reportedly telling jurors in a high-profile Los Angeles trial that using the app is more comparable to binge-watching Netflix than suffering from clinical addiction. Mosseri, who has led Instagram since 2018, drew a distinction between clinical addiction and what he described as "problematic use," the New York Post reported. "I think it's important to differentiate between clinical addiction and problematic use," Mosseri said. "I'm sure I said that I've been addicted to a Netflix show when I binged it really late one night, but I don't think it's the same thing as clinical addiction." Mosseri testified as part of a lawsuit brought by a California woman who said she began using Instagram at age 9 and later struggled with depression and body dysmorphia. She is suing Meta and Google's YouTube, alleging the companies knowingly hooked young users despite being aware of potential mental health risks, Reuters reported. Meta CEO Mark Zuckerberg is expected
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- Instagram CEO Adam Mosseri defends platform in landmark trial over social media harms [MSNBC.com]MSNBC.com
- WhatsApp Says Russia Has Tried to Block Its Messaging Service [Yahoo! Finance Canada]Yahoo! Finance Canada
- Pittsburgh parents watch trial over claims social media platforms are harmful to kids [CBS News]CBS News
- Instagram chief says he does not believe people can get clinically addicted to social media [Yahoo! Finance Canada]Yahoo! Finance Canada
- Instagram boss defends app from witness stand in trial over alleged harms to kids [Los Angeles Times (CA)]Los Angeles Times
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 2/11/26 - Form 4
- 2/10/26 - Form 144
- 2/9/26 - Form 144
- META's page on the SEC website