Facing lawsuits from 29 U.S. states! Meta (META.US) faces "existential" legal pressure as Facebook's infinite scroll and recommendation algorithm confront regulatory overhaul

Zhitong Finance APP has learned that Meta Platforms (META.US), the parent company of Facebook, will begin facing trial in a federal court in California on Wednesday for a lawsuit filed by a coalition of state attorneys general. The lawsuit accuses the company of deliberately designing Facebook and Instagram as addictive products for children; the case could expose Meta to massive compensation and force wide-ranging reforms on its platforms.