Meta: Officially a 'Public Nuisance,' Now $942M Poorer
A New Mexico judge just slapped Meta with the 'public nuisance' label, ruling its Facebook and Instagram algorithms fueled a youth mental health crisis, and ordered $567 million into a remediation fund. Combined with an earlier $375 million jury penalty, Meta's tab in this one case hits $942 million, plus new rules like hidden like counts and 90 hour monthly caps for teens. Meta says it'll appeal, but this is just one front: four more states want $1.4 trillion combined, nearly Meta's entire market cap.
Turns out 'move fast and break things' eventually includes teenagers' brains, and the bill's finally due.