Meta heads to federal court in Oakland, California, on Tuesday in a trial brought by four states alleging the company’s flagship platforms, Facebook and Instagram, were designed to be addictive to children. The potential financial penalties are shocking, totaling as much as $1.4 trillion in the worst case scenarios, according to Meta. The company is currently valued at about $1.5 trillion, making that kind of financial blow an existential threat. But experts think there’s no way Meta is paying that much, even if it loses.
Attorneys General for California, Colorado, Kentucky, and New Jersey have brought the case that goes to trial Tuesday and…
Read the full article at GIZMODO.COM
