Why Meta Platforms Stock Crashed Today

Meta Platforms stock fell 3.3-4.1% on Tuesday as a major child safety trial began in California federal court. Attorneys general from 29 states are suing Meta, alleging the company designed addictive platforms contributing to mental health crises in youth and collected data from children under 13 without parental consent. States are seeking $200 billion or more in damages. The case is being compared to Big Tobacco litigation and could reshape how social media companies operate.