Facebook’s Greater Threat Is the Law, Not Lawsuits: Parmy Olson

Meta Platforms Inc. has become a lightning rod for legal challenges in the US, from the FTC’s antitrust case to shareholder lawsuits alleging the company misled investors. Last week, eight complaints were filed against the company across the US, including allegations that young people who frequently visited Instagram and Facebook went on to commit suicide and experience eating disorders. (Facebook has not commented on the litigation, and has denied allegations in the FTC and shareholder complaints.)

The allegations echo the concerns of Facebook whistleblower Frances Haugen, whose leak last year of thousands of internal documents showed that Meta was aware of the psychological harms its ...