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Meta Stock Slides As Court Losses Bring 'Big Tobacco Moment' Comparisons - Investor's Business Daily
Overview
Meta's stock fell sharply after back-to-back court setbacks, drawing comparisons to a 'Big Tobacco moment.' The market reaction reflected investor concerns about large damages, tighter regulation, and potential changes to product design and corporate governance. Safety advocates and regulators are citing the rulings as additional reason to press for design changes, increasing the likelihood of sustained investor and public pressure on the company.
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ORGInvestor's Business DailyORGMeta Platforms Inc.ORGBig Tobacco
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