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5.48395941869531E-05 -9.13993236451297E-05 0.00106023215428193 0.000420436888766849 -0.00480760442372746 -0.00712914724431056 -0.00614203454894436 -0.00948176583493305
Stock impact report

Meta Stock Dropped 8% Today. Here's Why—And What You Need to Know Now [Yahoo! Finance]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: Yahoo! Finance
the tech giants, saying they were liable for building services with features that facilitated addiction among children. The outcome of the bellwether case exposes the companies to heightened legal and policy risk, creating an uncertain environment for the companies and others in the sector. A court ruling against the parent companies of Facebook and YouTube has investors worried about what's next for the powerhouse businesses—and sending their shares dramatically lower. A Los Angeles jury decided that Meta Platforms ( META ) and Alphabet ( GOOGL ) were liable for building services with addictive features in a case brought by now a 20-year-old woman known as "K.G.M.", who accused the companies of creating products that facilitated addiction among children. Platforms like Meta's Instagram and Facebook, as well as Alphabet's YouTube, she alleged, were harmful to children's mental health. The defendants originally included TikTok and Snapchat, but they reached confidential settlemen Show less Read more
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