Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

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Click here to return to FAST Tap here to return to FAST FAST July 6 : Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and Instagram platforms to addict young users and misled the public about their safety.Meta put forward the figure in its response to the attorneys general's filings on how penalties should be calculated if the states prevailed at trial.

The number, which has not previously been disclosed and is close to Meta’s market capitalization of around $1.5 trillion, comes ahead of an August trial in Oakland, California over the claims brought by California, Colorado, Kentucky and New Jersey against the company. Meta said the amount was unsupported by the evidence.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less "A sanction of that size has no analog in the history of consumer protection enforcement," the company said in the filing.Representatives for the attorneys general did not immediately respond to requests for comment after the filing.TALLYING DAMAGES The states' filings are sealed, but at a court hearing in June they said they were calculating the penalties by multiplying the number of violations by fine amounts set by state law.

The number of violations is based on the estimated number of teens and young users affected by Meta's actions, the states said.Twenty-nine states have sued Meta in federal court, most of them alleging the company violated the federal Children's Online Privacy Protection Act by collecting data from children without proper parental consent. The trial in August before U.

S. District Judge Yvonne Gonzalez Rogers will address all claims brought under that law, plus the four states’ allegations that the company violated their state laws protecting consumers by misleading them about the safety of their platforms.Meta has denied the allegations, saying the attorneys general have no ‌evidence it ⁠misled consumers about its platforms' alleged addictiveness because "social media addiction" is not an established psychiatric condition, and therefore statements that its platforms were not addictive could not be false.

A further 14 state