Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids [Yahoo! Finance Canada]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance Canada
The lawsuit, filed in 2024 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment. “The Commonwealth would have a better chance of getting around the First Amendment if they alleged that
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META
News
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- Frank Gehry, renowned architect known for Guggenheim Museum Bilbao and Walt Disney Concert Hall, dies at age 96 [CBS News]CBS News
- Meta Platforms Has Lost $73 Billion on Reality labs. Are Its Spending Cuts Enough for META Stock? [Yahoo! Finance]Yahoo! Finance
- Elon Musk's X hit with $140 million EU fine for breaching content rules [CNN]CNN
- Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he's moving on [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 10/29/25 - Miss
META
Sec Filings
- 12/4/25 - Form 4
- 12/3/25 - Form 4
- 12/2/25 - Form 144
- META's page on the SEC website