Meta Platforms is facing a major trial in Oakland brought by 29 state attorneys general accusing the company of deliberately designing Facebook and Instagram to addict young users. The stock has fallen more than 30% from its year-ago highs, erasing over $600 billion in market cap, making it the worst performer among the Magnificent Seven over the past twelve months. A theoretical damages figure of $1.4 trillion has been floated, though considered absurd, while over 3,000 personal injury lawsuits and roughly 1,300 school district claims compound the federal litigation. With implied volatility inflated by the lawsuits and the shares trading around 22 times earnings with 28% revenue growth, options traders are turning to the jade lizard strategy to collect elevated premium without unlimited upside risk.
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