Lawyers set to argue that Instagram and YouTube intentionally addicted and harmed teen in landmark social media trial [CNN]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNN
Lawyers for a now-20-year-old woman will argue that addictive features harmed her mental health in opening statements in a landmark trial against Meta and YouTube, the first of hundreds of similar cases to go to trial. The plaintiff — identified by 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. The outcome of KGM's lawsuit could help guide how around 1,500 similar lawsuits against social media companies are resolved. Losses could put the tech firms on the hook for billions of dollars in damages and force them to change their platforms. “I think that we will be able to show you evidence that indicates Instagram and YouTube created certain design features … to keep young users like (KGM) eng
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News
- 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
- ChatGPT Thinks Meta Platforms Stock Will Close At This Price In The Next 60 Days [Yahoo! Finance]Yahoo! Finance
- Tech giants under fire in court over allegedly purposely addicting youth [FOX News]FOX News
- Instagram is internally testing a new Snapchat rival app [Business Insider]Business Insider
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