Meta Faces $375M Fine, Lawsuit for Addictive Features

0:00On March 30th, Mark Zuckerberg just lost over $20 billion from his net worth in one day thanks to Meta facing some serious court losses. That spooked investors big time. Meta stock tanked hard, wiping out about $119 billion in market value on Thursday alone, dropping the company out of the top. Seven US firms by market cap for the first time since 2023. First, a New Mexico judge slapped Meta with $375 million in penalties for not doing enough to shield kids from sexual predators online. Then, a California jury hit Meta in Google's YouTube with $4.2 million in damages to a 20-year-old woman, saying they built, addictive features aimed right at young users. Meta plans to fight both rulings on appeal, but experts warned this could spark thousands more lawsuits nationwide, forcing social media giants to. Rethink how they design apps for kids and potentially changing the whole game. I'm Cory with The Story, and you've been listening to US News today, AI-powered National Coverage.