Meta: $16.68 Billion Instead of Up to $1.4 Trillion - This Settlement Relieves the Stock

According to court documents released today, Meta has reached a settlement with 29 U.S. states amounting to up to $16.68 billion. This brings an end to the high-profile federal lawsuit in California, where Meta was accused of intentionally making Facebook and Instagram addictive and unlawfully collecting data from children under 13 years old. For investors, the elimination of an extreme residual risk is particularly crucial: At one point, the plaintiffs mentioned penalties of around $200 billion, while court documents even cited claims of...