- Meta faces potential $1.4 trillion in penalties from a teen mental health lawsuit by four states, a sum equaling its market cap.
- The lawsuit alleges Meta violated children's privacy laws and designed addictive apps contributing to anxiety, depression, and self-harm among teens.
- Meta disputes the penalties as "outlandish" and beyond the case scope, citing legal protections under Section 230.
- A federal judge rejected Meta's dismissal attempt, noting disputes over app addictiveness, with a trial set for August 18.