Meta says it’s facing $1.4T in penalties in teen mental health case — a sum equal to tech giant’s valuation
Meta says it’s facing $1.4T in penalties in teen mental health case — a sum equal to tech giant’s valuation
Meta said it based the $1.4 trillion figure, which is nearly as large as the company’s entire market cap, on how the attorneys general of California, Colorado, Kentucky and New Jersey have argued penalties should be calculated if they win the case. The two sides face off in Oakland federal court on Aug 18.
Meta said it based the $1.4 trillion figure, which is nearly as large as the company’s entire market cap, on how the attorneys general of California, Colorado, Kentucky and New Jersey have argued penalties should be calculated if they win the case. The two sides face off in Oakland federal court on Aug 18.