• A New Mexico state court ordered Meta Platforms to pay more than $900 million in a child safety case, including a $567 million abatement fund for youth mental health services over five years and $375 million in civil penalties, and required new safety measures such as default hidden like counts for underage users.
• The judge concluded that Meta’s social media products created a public nuisance by addicting young users and failing to protect them from sexual exploitation, while Meta disagreed with the ruling and plans to appeal, saying it remains confident in its teen safety efforts.
• Meta shares trade around $589.90, with the stock down 9.3% year to date.

This ruling highlights the scale of potential legal and regulatory exposure around youth safety for Meta, so investors face higher uncertainty around future compliance costs, product changes and copycat litigation in other jurisdictions.