"Thirty-three states have banded together to sue Meta, alleging that the company was exploiting its young users on Instagram and Facebook for profit, including by collecting data from children without parental consent."

The damages could be as high as $1.4 trillion, nearly the same as Meta's market capitalization at just above $1.5 trillion.

gizmodo.com/metas-teen-safety-…

Via flipboard.com/@thenewsdesk/tec…

#news #technology #TechNews #meta #facebook #instagram #SocialMedia

Meta's Teen Safety Case Just Became a $1.4 Trillion Existential Threat

Meta faces damages almost equivalent to its roughly $1.5 trillion market value.

^{Ece Yildirim (Gizmodo)}