Tech stocks today: Meta stock jumps after company agrees to settle social media case
Meta (META) agreed to settle a social media addiction case with a group of state attorneys general on Wednesday, putting an end to the trial in its second week. The stock initially popped on the news before paring gains.
The case revolved around allegations from 29 states that Instagram and Facebook developed products to hook young users on the platforms and harvested the data of children under 13 to their benefit.