A federal judge sharply criticized Meta for using attorney-client privilege to withhold thousands of documents related to teen social media addiction. The judge condemned Meta's employees for celebrating this legal tactic with branded hats, calling it unprecedented. Meta must now re-review about 170,000 documents with oversight from an independent special master, who will decide which documents must be disclosed to plaintiffs in a major lawsuit alleging Meta fueled a teen mental health crisis. This case is part of broader litigation against Meta over social media's impact on youth, with ongoing settlements and legal scrutiny.
Meta's legal challenges continue as a judge orders a strict re-review of documents in a high-profile lawsuit. On Pluang, META shares are trading at USD 721.99, up 4.00% as of Oct 22, 2026 04:11 WIB. The stock holds a market cap of $1.77 trillion and sees a typical hold time of 128 days, with more buyers than sellers at 68% versus 32%.
Meta reported a record $64 billion in revenue for Q3, surpassing analyst expectations of $63.3 billion. Earnings per share were $3.83, below a potential $7.40 due to a $9.89 billion charge from a lawsuit settlement involving teenage users. The $18.59...
Meta Platforms reported a strong third quarter with revenue of $64.6 billion, up 26% year-over-year, driven by robust advertising growth. However, a $9.9 billion legal charge related to a settlement with 52 state attorneys general over teen mental he...
Meta Platforms reported a 26% revenue increase to $64.6 billion in Q3 2026, driven by strong ad sales and AI investments. Despite a $9.9 billion legal charge related to teen mental health litigation, net income surged 264% to $9.86 billion. The compa...
A New Mexico judge has ordered Meta to pay $25 billion for violating consumer protection laws related to the Cambridge Analytica data scandal. The jury found Meta committed 43 million violations, each carrying a $5,000 penalty, for misleading users a...
A New Mexico judge has ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about data privacy. The case stems from allegations that Cambridge Analytica, a political consulting firm linked to Donald Trump's 2016 c...
