Meta's $1.4 Trillion Legal Risk Takes a New Turn
GuruFocus·
- Meta Platforms Inc. is facing a significant child-safety trial involving California and other states.
- California Attorney General Rob Bonta clarified that the theoretical $1.4 trillion maximum penalty is not what states are actually seeking, with a more realistic figure around $200 billion.
- The trial is expected to last six to seven weeks, leaving Meta exposed to a substantial financial penalty determined by the judge.