Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

[BumRushDaShow]

Source: msn/Reuters

7h


July 6 (Reuters) - Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.

Meta put forward the figure in its response to the attorneys general's filings on how penalties should be calculated if the states prevailed at trial.

The number, which has not previously been disclosed and is close to Meta’s market capitalization of around $1.5 trillion, comes ahead of an August trial in Oakland, California, over the claims brought by California, Colorado, Kentucky and New Jersey against the company.

Meta said the amount was unsupported by the evidence. "A sanction of that size has no analog in the history of consumer protection enforcement," the company said in the filing.

Read more: https://www.msn.com/en-us/money/markets/meta-says-us-states-are-seeking-1-4-trillion-in-penalties-in-august-youth-safety-trial/ar-AA27pLEf

[bucolic_frolic]

1. Go for it

and double the price.

[msongs]

2. creating a product that appeals to customers. what a concept nt

[Roy Rolling]

3. Children are not "customers"

They lack the capacity to make mature judgements, simply because they are immature. Facebook is not being sued for successful customer revenues, they are being sued for marketing inappropriate content to non-adults.

[paleotn]

6. Appeal and addiction look similar sometimes....

particularly if the "customers" are underage. I'm not sure why anyone would support that cesspool / purveyor of propaganda.

[Raftergirl]

4. Parents need to stop allowing their kids to go on social media. And most adult should get off it, too.

It’s all garbage and it’s not good for anyone, regardless of their age.

[luv2fly]

5. All of our proud DU Facebook users ought to post this on their pages

Oh yeah, Instagram too. 🙄