Skip to content
Vorkast
  • Home
  • Blog
  • ChartExpand
    • Trading Chart
    • Quick Reference Chart
  • AnalysisExpand
    • Crypto
    • Forex Analysis
    • Precious Metal Analysis
    • Stock Analysis
0
Vorkast
Home / News / Cryptocurrency News / Meta, states discuss mid-trial settlement in teen addiction case

Meta, states discuss mid-trial settlement in teen addiction case

Meta, states discuss mid-trial settlement in teen addiction case

Meta Platforms and state attorneys general have held talks about a potential settlement before the trial concludes, in a lawsuit that accuses the company of intentionally building Facebook and Instagram in ways meant to hook teenagers, according to Bloomberg.

Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.

A spokesperson for Meta had no immediate comment. A representative of the California attorney general’s office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.

Meta’s internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company’s total market capitalization. A settlement would likely amount to a far smaller sum.

At the heart of the states’ case are claimed breaches of both state consumer protection statutes and the federal Children’s Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta’s underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.

Meta rejects the states’ claims and has characterized the attorneys general’s demands as calling for unworkable design changes and an “outlandish payout.”

In the trial’s opening week, testimony came from Instagram chief Adam Mosseri alongside various current and former Meta employees whose work involved designing the platforms and examining how teenagers engage with features intended to curb excessive use. Attorneys on the case have indicated that Meta founder and CEO Mark Zuckerberg is also expected to take the stand.

The trial is one of more than 3,000 federal lawsuits against Meta and other social media companies consolidated before U.S. District Judge Yvonne Gonzalez Rogers. California Deputy Attorney General Megan O’Neill described Meta’s business model to the eight-person jury as one designed to “hook the users, hold them for as long as they can, harvest their data, and then hide the truth from the public.” Meta denied the allegations, saying it had made significant efforts to protect minors online.

The case is People of the State of California v. Meta Platforms Inc., 23-cv-05448, U.S. District Court, Northern District of California (Oakland).

Recent Posts

  • RIG Transocean: Strong Contracts, Debt Reduction & Merger Upside
    RIG Transocean: Strong Contracts, Debt Reduction & Merger Upside
  • WULF TeraWulf AI/HPC Data Center and Massive Power Capacity!
    WULF TeraWulf AI/HPC Data Center and Massive Power Capacity!
  • AUS200: how far does the next ASX session dip?
    AUS200: how far does the next ASX session dip?
  • Key resistance ahead?
    Key resistance ahead?
  • MSFT
    MSFT

Recent Comments

No comments to show.

Category

  • Analysis
  • Commodity & Future News
  • Commodity Analysis
  • Crypto Analysis
  • Cryptocurrency News
  • Forex Analysis
  • Forex News
  • News
  • Stocks Analysis
  • Stocks News

Tags

Disclaimer

Financial market trading has large potential rewards, but also large potential risks. You must be aware of the risks and be willing to accept them to invest in the financial markets. Nothing on our website shall be deemed a solicitation to buy or sell; it is up to the trader to take that information and determine his or her trading strategy.

Account

  • Edit Account
  • My Account
  • My Cart
  • My Orders
  • Wishlist

Policies

  • Privacy Policy
  • Return Policy
  • Terms of Use
  • Cookies
  • Disclaimer

© 2026 Vorkast. All Rights are Reserverd

We care about your privacy

In order to provide you a personalized shopping experience, our site uses cookies. By continuing to use this site, you are agreeing to ourĀ cookie policy.

Ask a question

Share


Lost your password?


Don't have an account yet? Sign up

Shopping Cart

Your cart is empty

No items in your cart. Go on, fill it up with something you love!

Start Shopping Now
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare
Scroll to top
  • Home
  • Blog
  • Chart
    • Trading Chart
    • Quick Reference Chart
  • Analysis
    • Crypto
    • Forex Analysis
    • Precious Metal Analysis
    • Stock Analysis
Search