Mark Zuckerberg met with Kalshi's CEO last year about a potential deal, but talks did not move forward. Now Meta is making its own prediction market app.
The jury ordered the companies to pay $6 million in damages over defective design. The landmark verdict may influence the outcome of 2,000 other pending lawsuits.
The billionaire tech mogul's testimony was part of a landmark social media addiction trial in Los Angeles. The jury's verdict in the case could shape how some 1,600 other pending cases from families and school districts are resolved.
The case is seen as a test of social media's legal responsibility for platform design features that plaintiffs' lawyers say exacerbated mental health issues in young people.
A spokesperson for Meta confirmed that Zuckerberg and Trump met on Wednesday, saying he was invited for dinner with the president-elect to talk about the incoming administration.
Mark Zuckerberg has pitched Meta's Twitter clone as a more "friendly" place for online discourse. Executives say breaking news and politics will not be the emphasized. But is that realistic?
An attorney for Twitter accused Meta of hiring dozens of former Twitter employees with the intention of creating a "copycat" platform, implying a lawsuit could come next.
Meta's quarterly earnings are another sign of a protracted slowdown in the digital ad market. Soaring inflation, interest rate hikes and other economic woes are making advertisers cautious.
