{"id":64190,"date":"2026-03-29T00:57:52","date_gmt":"2026-03-29T00:57:52","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/meta-social-media-stocks-continue-slide-friday-amid-fallout-from-lawsuit-losses\/"},"modified":"2026-03-29T00:57:52","modified_gmt":"2026-03-29T00:57:52","slug":"meta-social-media-stocks-continue-slide-friday-amid-fallout-from-lawsuit-losses","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/meta-social-media-stocks-continue-slide-friday-amid-fallout-from-lawsuit-losses\/","title":{"rendered":"Meta, social media stocks continue slide Friday amid fallout from lawsuit losses"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Meta (META) stock fell more than 4% on Friday, as Wall Street continued to grapple with the company\u2019s loss in a landmark social media lawsuit on Wednesday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->A Los Angeles jury found Meta and YouTube parent Google (GOOG, GOOGL) negligent in protecting young users on their platforms. That sent shares of the companies tumbliing Thursday, with declining as much as 8% on the day.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The suit, which revolved around whether the companies designed their apps to keep young users hooked and if they knew doing so was dangerous \u2014 is seen as a potential bellwether for a raft of similar suits that schools, states, and parents have filed against the firms.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Shares of other social media platforms like Reddit (RDDT) and Snap (SNAP) were also trading lower on Friday in response to the ruling, falling more than 5% and 3%, respectively.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Shares of Google\u2019s parent company, Alphabet, were down closer to 2%.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->In a statement following the verdict, a Meta spokesperson told Yahoo Finance, \u201cWe respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Google spokesperson Jos\u00e9 Casta\u00f1eda said in a statement, &#8220;We disagree with the verdict and plan to appeal. This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The Los Angeles case follows a separate verdict in New Mexico\u2019s own lawsuit against Meta in which the state accused the company of misleading its users about the safety of its products and endangering children.<!-- HTML_TAG_END --><\/p>\n<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-lglytj\" style=\"--max-height: 655px;\">\n<div class=\"image-wrapper yf-lglytj\" style=\"--aspect-ratio: 960 \/ 655; --img-max-width: 960px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/qbNIboHA3sskNPfq62aQeA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY1NQ--\/https:\/\/d29szjachogqwa.cloudfront.net\/images\/2026-03\/587bf975-6756-4c97-9db8-5ec6325d8ad3\" alt=\"Meta Platforms CEO Mark Zuckerberg departs the court after taking the stand at a trial in a key test case accusing Meta and Google&amp;#39;s YouTube of harming kids&amp;#39; mental health through addictive platforms, in Los Angeles, California, U.S., February 18, 2026. REUTERS\/Mike Blake\" loading=\"eager\" height=\"655\" width=\"960\" class=\"yf-lglytj  loaded\"\/><\/div>\n<\/div><figcaption class=\"yf-750ceo\"><!-- HTML_TAG_START -->Meta CEO Mark Zuckerberg departs the court in Los Angeles on Feb. 18, 2026, after taking the stand at a trial in a key test case accusing Meta and Google&#8217;s YouTube of harming kids&#8217; mental health through addictive platforms. (Reuters\/Mike Blake)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-750ceo\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>REUTERS \/ REUTERS<\/span><\/figcaption><\/figure>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->On March 24, the jury in the New Mexico case found Meta liable and ordered the company to pay $375 million in penalties.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Meta is facing another lawsuit filed by state attorneys general in 2023, in which the states made arguments similar to those in the Los Angeles case.<!-- HTML_TAG_END --><\/p>\n<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-lglytj loader\" style=\"--max-height: 350px;\">\n<div class=\"image-wrapper yf-lglytj\" style=\"--aspect-ratio: 700 \/ 350; --img-max-width: 700px;\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Sign up for Yahoo Finance&amp;#39;s Week in Tech newsletter.\" loading=\"lazy\" height=\"350\" width=\"700\" class=\"yf-lglytj loader\"\/><\/div>\n<\/div><figcaption class=\"yf-750ceo\"><!-- HTML_TAG_START -->Sign up for Yahoo Finance&#8217;s Week in Tech newsletter.<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-750ceo\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>Yahoo Finance<\/span><\/figcaption><\/figure>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at <\/em><a class=\"link \" href=\"https:\/\/twitter.com\/danielhowley\" data-i13n=\"slk:@DanielHowley;cpos:8;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@DanielHowley;slk:@DanielHowley;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;8&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;@DanielHowley&quot;,&quot;yHasCommerce&quot;:false}\"><em>@DanielHowley<\/em><\/a><em>.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Read the latest financial and business news from Yahoo Finance<\/strong><!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta (META) stock fell more than 4% on Friday, as Wall Street continued to grapple with the company\u2019s loss in a landmark social media lawsuit on Wednesday. A Los Angeles jury found Meta and YouTube parent Google (GOOG, GOOGL) negligent in protecting young users on their platforms. That sent shares of the companies tumbliing Thursday, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":64191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[644,6101,4767,884,6100,6042,557],"class_list":["post-64190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-google","tag-lawsuit-filed","tag-los-angeles","tag-meta","tag-parent-company","tag-social-media","tag-youtube"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/03\/a01fbc10-274f-11f1-8b9b-a3e9b9651a2d.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/64190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=64190"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/64190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/64191"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=64190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=64190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=64190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}