@alejandro94964: BREAKING: Meta is facing a landmark federal trial in Oakland, California, brought by a coalition of 29 state attorneys general (led by California, Colorado, Kentucky, and New Jersey). The trial officially begins Tuesday in federal court in Oakland, California. The trial centers on allegations that Meta engineered Facebook and Instagram to addict children and teens, deceptively marketed platform safety, and illegally collected data on young users. Meta has said the penalties could be as high as $1.4 trillion, near the company’s market cap of $1.5 trillion. The ​attorneys general have yet to specify what they are seeking in penalties, but said at a hearing last week that the amount could be closer to $200 billion. The attorneys general ‌of Colorado, ⁠Kentucky, California and New Jersey are also asking the judge to issue an order forcing the company to implement age restrictions, eliminate infinite scroll and make other changes to its platforms nationwide. 🔗 Subscribe to access exclusive market insights. Link in bio. #finance #memory #stockmarket #meta #usa

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Wednesday 19 August 2026 00:15:00 GMT