Jim Cramer Cites Overblown Meta Stock Trial Risk: Is This A Sell Signal?
Jim Cramer told investors not to sell Meta Platforms (META) over the youth-safety trial in Oakland, California. He argued the legal pressure is temporary and the shares reward patience.
Meta stock trial risk has weighed on the shares all year. They closed Monday at $559.02, up 1.66%, valuing Meta near $1.42 trillion.
What the Meta Stock Trial Risk Actually Covers
Opening arguments in the case, brought by 29 state attorneys general, began on August 18. The states accuse Meta of designing Facebook and Instagram to be habit-forming for minors, then downplaying the danger.
Judge Yvonne Gonzalez Rogers will decide the outcome, because the jury is advisory only. She has already discarded claims tied to infinite scroll and autoplay.
Meta leans on Section 230, the federal law shielding platforms from liability over user posts. The states attack design, not content.
