Four US states have set out demands for penalties amounting to around $1.4 trillion (£1.05 trillion) from Meta over claims that Instagram and Facebook were engineered to addict young users and that the company misled the public on the safety of its platforms. The figure emerged in a Meta court filing this month ahead of an August trial in Oakland, California.
It is comparable to the company's market value of about $1.5 trillion (£1.12 trillion). The states are California, Colorado, Kentucky and New Jersey. Their penalty calculations remain sealed but were outlined in a June hearing.
