Evidence presented at the trial swayed the jury to the plaintiff's side, demonstrating that Meta understood how addictive its platforms could be among teens in particular and that it was actively researching the issue and using its findings to increase engagement among young users.

Meta is laying off several hundred employees across multiple teams, including sales, recruiting, and the Reality Labs division. The cuts will impact employees in the U.S. and other international markets.

Meta CEO Mark Zuckerberg said in a memo to staff that small businesses have always been a big part of the company's business model, and that while tens of millions of entrepreneurs already use its platforms to grow and connect with customers, the company wants to do more in the space.