Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Meta must face US state lawsuits over teen social media addiction

by
October 16, 2024
in Stock
0
Meta must face US state lawsuits over teen social media addiction

By Brendan Pierson

(Reuters) – Facebook (NASDAQ:META) parent company Meta must face lawsuits by U.S. states accusing it of encouraging social media addiction among teens, a federal judge in California ruled on Tuesday.

Oakland-based U.S. District Judge Yvonne Gonzalez Rogers (NYSE:ROG) rejected Meta’s bid to toss the claims made by the states in two separate lawsuits filed last year, one including more than 30 states and the other including only Florida. 

The company had argued that federal law blocked some of the claims and that the states failed to point to misleading statements that it had made.

The judge put some limits on the claims that the states – numbering more than 30 in all – could pursue, but allowed the case to go forward largely intact. The judge also rejected the social media company’s motion to dismiss some claims over social media addiction brought by individual plaintiffs.

The states are asking the court for injunctions against Meta’s allegedly illegal business practices and are seeking unspecified monetary damages.

Meta did not immediately respond to a request for comment.

Hundreds of lawsuits have been filed by various plaintiffs against Meta, ByteDance’s TikTok and Alphabet (NASDAQ:GOOGL)’s YouTube, accusing the companies of designing addictive algorithms that led to anxiety, depression and body-image issues among adolescents, and failing to warn of their risks.

This post appeared first on investing.com
Previous Post

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.75%

Next Post

Penguin Solutions shares plunge 15% on weaker guidance than expected and Q4 earnings miss

Next Post
Penguin Solutions shares plunge 15% on weaker guidance than expected and Q4 earnings miss

Penguin Solutions shares plunge 15% on weaker guidance than expected and Q4 earnings miss

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    February 26, 2026
    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    February 26, 2026
    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    February 26, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals
    • Trump’s Iran ultimatum enters decisive stretch after State of the Union
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved