US stocks movement | Faced a second lawsuit within a week, Meta Platforms(META.US) fell over 3.4%

LootboxPhobia · 2026-03-26T23:17:39+00:00

Meta Platforms stock price drops over 3.4%, Alphabet falls over 1.3%. A U.S. jury has ruled that Meta and Google must compensate a woman for mental health issues caused by social media addiction, potentially facing more similar lawsuits. Meta has already suffered its second defeat this week, facing a $375 million fine.

LootboxPhobia

2026-03-26 23:17:39

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Zhitong Finance APP learned that on Thursday, Meta Platforms (META.US) stock price plummeted. As of the report, the stock fell over 3.4%, trading at $574.3. Alphabet (GOOG.US, GOOGL.US) dropped more than 1.3%. In the news, a US jury made a landmark ruling that Meta and Google under Alphabet must pay damages to a 20-year-old woman. The woman claimed that her addiction to social media triggered a mental health crisis. This outcome could pose significant risks for the two companies in handling thousands of similar lawsuits. This week, Meta suffered its second defeat. On Tuesday, in a case in New Mexico, the jury found that the company misled local teenagers about the safety of Facebook and Instagram, knowing they had become breeding grounds for sexual predators, and awarded $375 million in damages.

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