Ohio Sues Meta (Formerly Known as Facebook)

The transcript discusses a lawsuit filed by Ohio's Attorney General against Facebook, now Meta, alleging that the company misled the public about its algorithm and the effects on children. The lawsuit claims that Facebook violated federal securities law by hiding the negative impact of its products on minors to boost stock prices. Filed on behalf of Meta investors and the Ohio Public Employees Retirement System, the suit seeks over $100 billion in damages and demands changes to prevent future deception. The truth began to surface through investigative journalism and whistleblower testimony, highlighting internal documents known as the Facebook Papers.

What allegations are made against Facebook in the lawsuit filed by Ohio's Attorney General?

What specific federal law does the lawsuit claim Facebook violated?

What is the amount of damages sought in the lawsuit?

What changes does the lawsuit demand from Facebook to prevent misleading investors in the future?

How did the truth about Facebook's practices begin to emerge according to the lawsuit?