00:00It's Benzinga, bringing Wall Street to Main Street.
00:03New Mexico prosecutors began jury selection Monday in the first standalone state trial
00:07against Meta, following an undercover investigation that used proxy social media accounts
00:12posing as children, according to AP. The state alleges Meta created a marketplace that enabled
00:19exploitation and preying on minors and failed to disclose what it knew about the harmful effects
00:25on children. Prosecutors say New Mexico is targeting Meta's role in distributing content through its
00:31algorithms rather than holding the company responsible for the content itself. This
00:36approach could bypass First Amendment protections and Section 230 immunity. Meta denies the civil
00:43charges, says prosecutors are taking a sensationalist approach. Opening statements are scheduled for
00:48February 9th, and the trial could last nearly two months. For all things money, visit Benzinga.com.
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