{"id":40130,"date":"2026-03-28T00:21:41","date_gmt":"2026-03-28T00:21:41","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/40130\/"},"modified":"2026-03-28T00:21:41","modified_gmt":"2026-03-28T00:21:41","slug":"trending-tickers-reddit-meta-novartis-metlen-energy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/40130\/","title":{"rendered":"Trending tickers: Reddit, Meta, Novartis, Metlen Energy"},"content":{"rendered":"

Reddit (RDDT<\/a>), Meta (META<\/a>)<\/p>\n

Reddit, Meta and Snap were all subject to selling in Thursday trade, as the market continued to digest a landmark ruling regarding the design of social media platforms and addiction.<\/p>\n

In a lawsuit against Meta (META<\/a>) and YouTube (GOOG<\/a>, GOOGL<\/a>), the jury ruled in favour of the plaintiffs on Wednesday, requiring them to pay $6m in punitive and compensatory damages.<\/p>\n

The case, known as JCCP 5255, was initially filed in 2023 and was tried at the Spring Street Courthouse in Los Angeles. It revolved around a now-20-year-old woman known in legal filings as K.G.M. and her mother, Karen, who alleged that K.G.M.’s social media use, which began when she was 10, led to “dangerous dependency on [the social media companies’ products], anxiety, depression, self-harm, and body dysmorphia.”<\/p>\n

The jury in the case said that both Meta (META<\/a>) and YouTube (GOOG<\/a>, GOOGL<\/a>) knew the design of their platforms were dangerous, that users wouldn’t realise the danger, and that the companies failed to warn of the danger when a reasonable platform would have.<\/p>\n

Meta said: “Teen mental health is profoundly complex and cannot be linked to a single app.<\/p>\n

“We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online.”<\/p>\n

A spokesperson for Google said: “This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.”<\/p>\n

The ruling has implications for social media at large and raises questions over whether providers such as TikTok, Snap (SNAP<\/a>), or Reddit (RDDT<\/a>) could also be vulnerable to such complaints.<\/p>\n

TikTok and Snap (SNAP<\/a>) were also named defendants in the lawsuit, but each settled before the trial began.<\/p>\n

Reddit stock was also on the back foot on Thursday following SEC disclosures of executives selling shares. The company\u2019s CTO, Christopher Brian Slowe and its CCO Jennifer L Wong each sold thousands of shares, according the disclosure.<\/p>\n

Novartis (NVS<\/a>)<\/p>\n

Pharma giant Novartis said on Friday it has agreed to buy biotech company Excellergy in a deal worth up to $2bn.<\/p>\n

The deal \u2014 expected to close in the second half of the year \u2014 will mean Novartis pays $2bn in upfront and milestone payments. It is still subject to regulatory signoff.<\/p>\n

Excellergy will deepen Novartis\u2019s bench in food allergy treatments and immunology, the company said.<\/p>\n

It\u2019s the second deal announcement for Novartis in as many weeks, having also snapped up a breast cancer drug candidate for up to $3bn from US biotech Synnovation Therapeutics.<\/p>\n

The company\u2019s stock moved modestly higher in premarket.<\/p>\n

Metlen Energy & Metals (MTLN.L<\/a>)<\/p>\n

Metlen Energy & Metals fell the most in the FTSE 100 on Friday morning, selling off around 8% as it delayed its financial results by nine calendar days<\/a>, now slated for April 9.<\/p>\n

The industrial energy supplier said its external auditor, PwC had requested more time.<\/p>\n

Meanwhile, Metlen reiterated its guidance, saying it expected to report EBITDA for 2025 of circa \u20ac750m, in line with previous communication on February 6.<\/p>\n","protected":false},"excerpt":{"rendered":"Reddit (RDDT), Meta (META) Reddit, Meta and Snap were all subject to selling in Thursday trade, as the…\n","protected":false},"author":2,"featured_media":40131,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[8857,206,22022,23452,18864],"class_list":{"0":"post-40130","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-novartis","8":"tag-meta","9":"tag-novartis","10":"tag-reddit","11":"tag-social-media-platforms","12":"tag-youtube"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116303946289882304","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/40130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=40130"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/40130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/40131"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=40130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=40130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=40130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}