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What Does $17.1 Billion Mean for Meta?

The Silicon Valley company agreed to pay up to $17.1 billion in penalties as part of a landmark settlement with states over social media addiction claims.

© Jason Henry for The New York Times

Meta’s entire stock value stands at $1.45 trillion. The $17.1 billion penalty is about 1 percent of that.
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Meta to Stand Trial Over Claims It Addicted Children to Social Media

California, Colorado, Kentucky and New Jersey have taken the social media giant to trial in the first bellwether federal case over child harm.

© Jason Henry for The New York Times

During the trial, to be held in the U.S. District Court of Oakland, Calif., four states are expected to argue that Meta violated federal child privacy and state consumer protection laws.
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