According to CNBC, Meta Platforms shares are down more than 30% from their highs a year ago as opening statements begin in Oakland in a case brought by 29 state attorneys general who accuse the company of deliberately designing Facebook and Instagram to hook young users. The article said a theoretical worst-case damages figure of $1.4 trillion has been floated, while Meta also faces more than 3,000 personal-injury suits in federal multidistrict litigation, about 1,300 school-district claims, a nearly $1 billion New Mexico judgment and a $6 million bellwether loss in Los Angeles. It added that Meta has lost more than $600 billion in market value over the past 12 months and is trading at about 22 times earnings with revenue still growing 28%. The piece also described a jade lizard options strategy on Meta, noting that the September 25 expiration avoids the company's Q3 earnings report expected in late October and falls short of the trial's anticipated six- to eight-week length.