Social media companies accused of "addicting the brains of children" as trial begins [CBS News]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CBS News
Opening statements in one such trial in Los Angeles County Superior Court began on Monday. Instagram's parent company Meta and Google's YouTube face claims that their platforms deliberately addict and harm children. TikTok and Snap, which were originally named in the lawsuit, settled for undisclosed sums. Jurors got their first glimpse into what will be a lengthy trial characterized by dueling narratives from the plaintiffs and the two remaining social media companies named as defendants. Mark Lanier delivered the opening statement for the plaintiffs first, in a lively display where he said the case is as "easy as ABC," which he said stands for "addicting the brains of children." He called Meta and Google "two of the richest corporations in history" that have "engineered addiction in children's brains." He presented jurors with a slew of internal emails, documents and studies conducted by Meta and YouTube, as well as YouTube's parent company, Google. He emphasized the findings
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
- Follow CNN Business [CNN]CNN
- 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