Jury finds Meta and YouTube negligent in landmark lawsuit on social media safety [MSNBC.com]
Meta Platforms, Inc. - Class A (META)
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Source: MSNBC.com
LOS ANGELES — A jury found Meta and YouTube negligent in the design or operation of their social media platforms, producing a bellwether verdict in the first lawsuit to take tech giants to trial for social media addiction.The jury stated that Meta's and YouTube's negligence were a substantial factor in causing harm to the plaintiff, identified in court by her initials, K.G.M., and that the companies failed to adequately warn users of the dangers of Instagram (Meta's platform) and YouTube (which is owned by Google).They awarded K.G.M. $3 million in compensatory damages, finding Meta 70% responsible for harm caused to the now 20-year-old plaintiff, and YouTube responsible for 30%.The trial, which began last month in a County courtroom and includedtestimony from tech executives including Mark ZuckerbergOutside the courtroom, families who say their children were harmed by social media embraced as they celebrated the verdict, telling reporters that they feel "vindicated."“We respectfully
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News
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- Some Meta employees were told to work remotely for the day as layoffs loom [Business Insider]Business Insider
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- 3/24/26 - Form 4
- META's page on the SEC website