US Stocks: Meta shares drop 7% on fears US verdicts open door to deluge of lawsuits
Published on: March 26, 2026, 11:13 p.m. | Source: The Economic Times
Meta Platforms shares tumbled 7% after two verdicts found the social media giant liable for harm to young users. These rulings, totaling hundreds of millions in fines, could expose Meta to extensive litigation by targeting platform design, potentially leading to billions in damages and forcing significant business practice changes.
