Meta says 4 states are seeking $1.4 trillion ahead of youth safety trial

The penalty demand, close to Meta's entire market value, comes before an August trial over claims Facebook and Instagram were built to addict minors

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Meta $META said in a court filing Monday that four states are seeking $1.4 trillion in penalties over allegations the company designed Facebook and Instagram to addict young users and misled the public about platform safety. The figure is close to Meta's market capitalization of roughly $1.5 trillion.

Though California, Colorado, Kentucky, and New Jersey have kept their own filings sealed, a June court hearing offered a glimpse into their methodology: the states described multiplying a per-violation fine amount established by state law against a headcount of the teens and young........

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