Social media giant Meta is heading to court in a case brought by a group of state attorneys general who claim the company designed its social media platforms to be addictive and misled the public about potential risks. Meta has argued that the damages sought by the state attorneys general could reach as high as $1.4 trillion, which is nearly the size of the company's market capitalization, though the AGs told the judge this month that $200 billion was a more realistic target — which still would make it one of the largest consumer-protection judgments in U.S. history.
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