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Ohio suing Facebook, says it misled the public about the effect its products have on children
16
Nov
Nov
Ohio is suing Facebook’s parent company, Meta, claiming the social media platform misled the public about the effects its products have on children. The lawsuit, filed November 12th on behalf of the Ohio Public Employees Retirement System (OPERS), is seeking more than $100 billion in damages.
The suit alleges that between April 29th and October 21st, Facebook and top executives violated federal securities law when they intentionally misled the public and deceived shareholders about how its products can negatively affect children.
“Facebook said it was looking out for our children and weeding out online trolls, but in reality was creating misery and divisiveness for profit,” Ohio Attorney General Dave Yost said in a statement Monday. He…