00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta appealed a Los Angeles jury verdict that found the company designed Instagram and Facebook
00:08to addict young users without adequately protecting their well-being,
00:12according to the Associated Press. The case involved a 20-year-old woman
00:17who said childhood social media use worsened her mental health.
00:21Jurors found negligence by Meta and Google-owned YouTube contributed to her harm and awarded
00:26$3 million in damages, with another $3 million recommended in punitive damages.
00:32Meta and Google plan to appeal after the trial judge rejected their requests to overturn the
00:37verdict or hold a new trial. The lawsuit focused on platform features, including infinite scroll
00:42and autoplay. The verdict could influence thousands of similar cases against social media companies.
00:48For all things money, visit Benzinga.com.
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