<div id="readability-page-1">Stock underperforms peers: Meta shares fell 1.76% to $598.92 despite broader market gains, reflecting technical resistance and sector underperformance. Legal trouble grows: Santa Clara County sued Meta, alleging it knowingly profited from scam ads generating $7 billion annually, seeking penalties and operational changes. AI push drives cuts: Meta will cut 8,000 jobs to offset $125–145 billion in AI spending, highlighting a broader industry shift toward automation over human labor.</div>

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<p>Meta's stock fell 1.76% to $598.92, underperforming the market. The company faces a lawsuit from Santa Clara County over $7 billion in scam ads, seeking penalties and operational changes. Additionally, Meta plans to cut 8,000 jobs to manage $125–145 billion in AI spending, reflecting a shift towards automation in the industry.</p>

- Meta shares declined 1.76% to $598.92, underperforming the market due to technical resistance and sector issues.  
- The company faces a lawsuit from Santa Clara County over alleged profits from scam ads totaling $7 billion annually, seeking penalties and changes in operations.  
- Additionally, Meta plans to reduce its workforce by 8,000 jobs to manage $125–145 billion in AI spending, reflecting a trend towards automation in the industry.

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Meta stock dips as $7B scam ad lawsuit and AI cuts loom