(DailyVantage.com) – Mark Zuckerberg might think a name change is all he needs to make Facebook’s past problems disappear, but Ohio’s Attorney General, Dave Yost (R), isn’t so keen to let one major issue drop. He’s determined to make Meta — and Zuckerberg — pay for exploiting America’s most vulnerable — its children.
Right on the heels of its name change, Attorney General Yost slapped Meta, the social media platform formerly known as Facebook, with a lawsuit on behalf of investors and the Ohio Public Employees Retirement System (OPERS).
In a press release, Yost accused the company of “purposely misleading the public about the negative effects its products” have on children’s mental health and well-being, claiming it violated federal securities laws in doing so.
#Ohio’s attorney general filed a lawsuit against #Meta, formerly known as #Facebook, accusing it of violating federal securities law by misleading investors in claiming that its products don’t harm children’s health and wellbeing. https://t.co/O9WE2OOBtE
— The Epoch Times (@EpochTimes) November 16, 2021
The company previously said it was looking out for children and helping to eliminate trolls, but whistleblower Frances Haugen revealed that simply wasn’t true. Scores of internal documents revealed Facebook was, indeed, lying to the public.
The lawsuit is seeking $100 billion in damages due to lost shareholder value, but it also demands accountability and for Meta to undergo significant reforms regarding transparency. By December 27, observers expect Yost to ask the court to appoint OPERS as the lead plaintiff in the action.
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