00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta Platforms and Alphabet face legal scrutiny after a California jury
00:06held the companies accountable for a young woman's mental health issues
00:10and awarded $6 million in damages.
00:13In a post on X, the Future Fund's Gary Black said the verdict contributed to
00:17underperformance in both stocks compared to the S&P 500 this year.
00:22The jury found the platforms were designed to be addictive and that risks to children
00:26were known or should have been known.
00:27Black compared the case to tobacco verdicts and said it may be overturned on appeal.
00:32He said companies may adopt age verification using government ID.
00:36Black said both stocks are undervalued based on their growth potential.
00:40Legal battles could reshape how social media companies operate and protect users,
00:44especially minors, as regulatory scrutiny increases.
00:48For all things money, visit Benzinga.com.
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