Supreme Court Declines Facebook's Appeal in Shareholder Lawsuit

In a significant legal setback for Meta Platforms Inc. (formerly Facebook), the U.S. Supreme Court has officially decided not to hear an appeal regarding a shareholder lawsuit that had been previously dismissed by lower courts. This development paves the way for the case to proceed in the lower judiciary system, a situation that Meta had hoped to avoid as it continues to navigate a myriad of legal challenges.

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