Meta Stock Craters 6% After Juries Rule It Failed Kids
Two US jury verdicts hammered Meta shares to a 10-month low over child safety failures.
Meta just had a very bad week in court — and Wall Street noticed.
Shares of the Facebook parent plunged more than 6% on Thursday, hitting a 10-month low. The trigger: juries in two separate US trials ruled that Meta failed to adequately warn or protect young users on its platforms.
The dual verdicts represent a significant legal blow to the social media giant, which has faced mounting scrutiny over how its products affect children and teens. The rulings suggest juries are increasingly willing to hold tech companies accountable for the impact their platforms have on minors.
The stock decline wiped billions off Meta's market cap in a single session. For a company that has spent years fending off criticism about child safety, the courtroom losses are now translating directly into financial pain.