Meta Platforms, Alphabet's YouTube Found Negligent In Social Media Trial: Here's The Penalty From Jury

A jury found Meta Platforms (NASDAQ: META) and Alphabet's YouTube (NASDAQ: GOOG, GOOGL) negligent in a trial concerning social media addiction, awarding $3 million to a plaintiff who claimed the apps caused anxiety and depression in children. The ruling suggests that the companies purposefully designed their apps to be addictive, particularly for younger users. This case may lead to further legal challenges against social media companies, as several states are already pursuing similar lawsuits regarding the impact of these platforms on children.