Meta Platforms Inc Class A (META)
Meta's $942 Million Penalty Is Small, but the Legal Risk Is Growing
Meta Platforms was ordered to pay $942 million in a New Mexico case over harm to children, but investors may be more concerned about the growing wave of similar lawsuits.
Meta ordered to pay more than US$900 million in New Mexico child safety case
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has been ordered to pay more than US$900 million after a New Mexico judge significantly increased the...
New Mexico court orders Meta to pay additional $567M in child safety case
A New Mexico Court judge on Thursday ordered Meta to pay a fine of $567 million, on top of the $375 million levied in March, in a case regarding social media harms and addiction. This brings the total fines the company has to pay to $942 million.
New Mexico Court Orders Meta To Pay Nearly $1 Billion In Landmark Child Safety Case
The ruling compared Meta to a polluting factory and said: “the Court finds and concludes that, just as noxious pollution produced by the factory can harm the common public right to reasonably clean air, the harmful effects of Meta's platforms on children do not stay contained by its platforms and, instead, migrate to the internet as a whole and, perhaps most concerning, to the real world and create a common, societal burden on and harm to the affected children and their families and schools, as well as hospitals and law enforcement.”
Court orders Instagram and Facebook's Meta to pay $567M to address kids' mental health online
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial.
Meta hit with half a billion fine for child safety failings
Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has been ordered to pay $567 million by a US judge over the harm caused to children on its platforms. The New Mexico court ruling takes the total the company has been ordered to pay in the case to almost $1 billion.
Meta ordered to pay almost $1bn over child safety failings
Meta, the owner of Facebook, Instagram and WhatsApp, has been ordered to pay $567m (£421m) to address the harm caused to children on its platforms.
Meta Ordered to Pay $567 Million Fine by New Mexico Judge
The penalty, imposed by a state judge, is on top of the $375 million fine ordered by a jury that found Meta misled users about the safety of its platforms.
Judge orders Meta to pay over $900 million for failing to protect kids on social media
Meta was ordered to pay a total of $942 million over harm caused to children on its platforms. A New Mexico judge on Thursday ordered Meta to pay $567 million, mostly for treatment services.
Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico
A judge in New Mexico ordered Meta to pay $567 million into an abatement fund after a jury ruled the company willfully violated the state's unfair practices act. Meta's platforms are contributing to the "current mental health crisis among New Mexico's youth," the judge wrote in the filing on Thursday.
Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
70% Gains From Here? Wall Street Pros Expect Exactly That From Meta in 12 Months
Meta Platforms (NASDAQ:META | META Price Prediction) trades near $587.94, while the average Wall Street 12-month price target sits at $768.58.
