No. Given judge court ruling and the $9 million settlement with the Breathitt County School District, I now believe Meta is in a tougher position, with potential claims that could reach roughly $45 billion, based on the assumptions below:
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Meta is facing lawsuits from around 800 school districts. Using the Breathitt County School District’s $9 million settlement as a benchmark, potential claims could total roughly $7.2 billion.
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Meta is also facing lawsuits from 41 states. Based on the New Mexico ruling, potential claims from these states could reach around $15.4 billion.
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Meta is also facing more than 3,300 individual lawsuits in California. Using the K.G.M. ruling as a benchmark, potential claims could total approximately $13.8 billion.
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There are also around 1,800 individual federal MDL cases. Applying the same K.G.M. benchmark, potential claims could amount to roughly $7.6 billion.
The good news is that these cases are likely to take years to resolve, meaning annual settlement costs may remain immaterial relative to Meta’s earnings. I also do not expect the litigation to result in material changes to Meta’s products, based on the New Mexico judge’s comments, opposition from legistlators, and economic implications.