US states seek $200 bn penalty in blockbuster Meta lawsuit
Oakland: A coalition of US states will seek around $200 billion in damages against Meta, which they accuse of intentionally designing Facebook and Instagram to be addictive for children, when a landmark trial kicks off on Tuesday.
Meta previously had claimed in court documents that the financial penalties could reach $1.4 trillion, close to its entire market value which hovers around $1.5 trillion.
With more than three billion users across all of its apps, Meta will defend itself in the six-week-long trial beginning on August 18 when opening statements begin in Oakland, a short drive from San Francisco.
