The "Big Tobacco Moment" of social media has arrived: Meta (META.US) lost a lawsuit in New Mexico and was ordered to pay $567 million in damages.

According to Zhitong Finance APP, Meta (META.US) has been ordered to pay $567 million to a compensation fund in New Mexico. This is part of a public nuisance case and one of many lawsuits the company faces over allegations that its applications have caused harm.