Meta, Google Found Liable in Social Media Addiction Case

A jury verdict found Meta and Alphabet's Google liable for harming a young user via products designed to be addictive. The ruling raises the probability of tougher government regulation of social networking companies, increasing legal, compliance and reputational risk and likely exerting several-percent downward pressure on major platform equities while boosting potential litigation and remediation costs.

Analysis

A jury verdict found Meta and Alphabet's Google liable for harming a young user via products designed to be addictive. The ruling raises the probability of tougher government regulation of social networking companies, increasing legal, compliance and reputational risk and likely exerting several-percent downward pressure on major platform equities while boosting potential litigation and remediation costs.