Meta down; landmark trial that could reshape Instagram and Facebook begins

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

** Shares of social media giant Meta Platforms META.O fall 2.5% to $554.68

** Landmark trial, in which a coalition of states alleged that Meta designed Facebook and Instagram in ways that harmed young users' mental health, gets underway

** Trial to address claims by four states that Meta designed Facebook and Instagram to get young children and teenagers addicted, resulting in harms such as anxiety, depression and even suicide, and misled consumers about the platforms' safety

** It will also address claims by 29 states that Meta violated federal law by improperly collecting and using personal data of children while they used its platforms

** Including session's moves, stock down ~16% YTD