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Meta Heads Toward $580 as a $17B Teen Safety Settlement Ends the Trial; Snap Falls 9%
Source: 247wallst.com
Legal & LitigationCompany FundamentalsRegulation & Legislation
Meta shares rose about 1% to $575.60 midday Wednesday after the company agreed to a proposed multistate teen-safety settlement worth up to $17B, ending a federal trial that began days earlier in Oakland. While the settlement could pressure future costs, the quick resolution appears to reduce near-term legal uncertainty and supported the stock move.
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