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Thursday, 8/20, 03:52 AM
The states' case against Meta puts a $1.4 trillion theory on trial
- A coalition of 29 states is in federal court in Oakland arguing that Meta designed Instagram and Facebook to addict children and collected minors' data illegally, with claimed statutory damages that could theoretically reach $1.4 trillion, roughly Meta's market value.
- The company calls the demand 'outlandish'; the legal theory, if it holds, reaches far beyond Meta.