“Stock Market Update | The Closing Beat | 08/26/2026”
Meta's settlement of the trillion dollar lawsuit for billions is a strategic error enabling further regulatory actions in other jurisdictions.
Meta, what do they call it? uh settled their trillion dollar lawsuit for some kind of billions of dollars there. I think it's a big mistake. It opens the door for Washington State.
It opens the door for New York. It opens the door again for Europe. But these things will happen over time. It's not going to be an immediate thing. Um anyways, they resolve their um issues there with uh the state of California.