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00:02Meta Platform shares fell 7% on Thursday after two U.S. verdicts in New Mexico and Los Angeles
00:08found the company liable for harm to young users, according to Reuters.
00:12Juries awarded $6 million in Los Angeles and $375 million in New Mexico.
00:18Experts said the rulings could trigger more lawsuits targeting platform design
00:22and bypass legal protections for user-generated content.
00:25Meta faces more than 2,400 federal cases and thousands more in state court over youth mental health claims.
00:33Investors repriced legal risk, pushing shares near 10-month lows.
00:37Analysts said potential damages could reach billions and force changes to design practices tied to advertising revenue.
00:43Meta and Google plan to appeal.
00:45For all things money, visit Benzinga.com.
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