Meta says it's facing $1.4T in penalties in teen mental health case — a sum equal to tech giant's valuation
If four of the states suing Meta for allegedly fueling a teen mental health crisis prevail in their case, the company will be on the hook for a whopping $1.4 trillion in penalties, Meta says — a figure the tech giant blasted as “outlandish.”
The Mark Zuckerberg-led company arrived at the gigantic sum — which is nearly as large as the company’s entire market cap — based on how the attorneys general of California, Colorado, Kentucky and New Jersey have argued penalties should be calculated if they...
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