Republican Ohio Attorney General Dave Yost filed a complaint against Facebook on Monday, alleging the company misled its investors.
The complaint alleges that Facebook executives violated federal securities laws by making false statements to the public regarding the negative effects its platform has on the mental health of teen users. The complaint cites documents leaked to The Wall Street Journal by former Facebook employee Frances Haugen as evidence that Facebook was aware its platform was harmful but failed to disclose its negative impact or take adequate steps to ameliorate its harms.
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