{"id":66701,"date":"2026-08-18T08:08:23","date_gmt":"2026-08-18T12:08:23","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/"},"modified":"2026-08-18T08:08:23","modified_gmt":"2026-08-18T12:08:23","slug":"meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/","title":{"rendered":"Meta Faces Trillion-Dollar Legal Threat as Social Media Trial Begins; Home Depot Beats Q2 Estimates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Meta_Stares_Down_Trillion-Dollar_Liability\" >Meta Stares Down Trillion-Dollar Liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Home_Depot_Delivers_Strong_Q2_Performance\" >Home Depot Delivers Strong Q2 Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Einride_Triples_Fleet_with_Tesla_Semi_Order\" >Einride Triples Fleet with Tesla Semi Order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Tech_Movers_Fabrinet_and_Klarna_Slide\" >Tech Movers: Fabrinet and Klarna Slide<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#OpenAI_and_Market_Infrastructure_Updates\" >OpenAI and Market Infrastructure Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/meta-faces-trillion-dollar-legal-threat-as-social-media-trial-begins-home-depot-beats-q2-estimates\/66701\/#Inflation_Concerns_Linger_in_Tech_Supply_Chains\" >Inflation Concerns Linger in Tech Supply Chains<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> is facing a landmark trial in California involving 29 state attorneys general, with potential financial penalties reaching a staggering <strong>$1.4 trillion<\/strong> over alleged harms to young users.<\/li>\n<li><strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> shares rose <strong>2%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> after reporting a <strong>Q2 revenue beat of $47.9 billion<\/strong> and adjusted <strong>EPS of $4.92<\/strong>, surpassing analyst expectations.<\/li>\n<li><strong>Einride (<a href=\"\/stock\/ENRD\">ENRD<\/a>)<\/strong> surged <strong>18.5%<\/strong> following an announcement to deploy <strong>500 Tesla Semi trucks<\/strong> on its Saga AI platform to serve major clients like <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>.<\/li>\n<li><strong>Fabrinet (<a href=\"\/stock\/FN\">FN<\/a>)<\/strong> shares plummeted <strong>10%<\/strong> as concerns over narrowing margins and heavy capital expenditures overshadowed a strong quarterly earnings beat.<\/li>\n<li>The <strong>Texas Stock Exchange (TXSE)<\/strong> secured its first primary listings, with two Texas-focused ETFs set to move to the new electronic market.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Meta_Stares_Down_Trillion-Dollar_Liability\"><\/span>Meta Stares Down Trillion-Dollar Liability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>) began a high-stakes jury trial in Oakland, California, today as 29 states seek massive financial penalties. The lawsuit alleges that the company deliberately designed <strong>Facebook<\/strong> and <strong>Instagram<\/strong> to encourage compulsive use among teenagers, violating state consumer protection and federal privacy laws. Internal calculations suggest that if Meta loses, it could face statutory fines as high as <strong>$1.4 trillion<\/strong>, an amount nearly equal to its total market capitalization.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Home_Depot_Delivers_Strong_Q2_Performance\"><\/span>Home Depot Delivers Strong Q2 Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>) reported second-quarter fiscal 2026 results that exceeded Wall Street&#39;s forecasts despite a volatile economic environment. Net sales rose <strong>5.7% year-over-year to $47.9 billion<\/strong>, while comparable store sales grew <strong>1.7%<\/strong>. The retailer reaffirmed its full-year 2026 guidance, signaling resilience in the home improvement sector as customers continue to invest in smaller-scale projects.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Einride_Triples_Fleet_with_Tesla_Semi_Order\"><\/span>Einride Triples Fleet with Tesla Semi Order<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a major boost for electric freight, Einride (<a href=\"\/stock\/ENRD\">ENRD<\/a>) announced the planned deployment of <strong>500 Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) Semi trucks<\/strong> across North America. This rollout, the largest of its kind to date, will be integrated into Einride&#39;s <strong>Saga AI<\/strong> platform to optimize routes and charging for customers including <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>. The move is expected to triple Einride\u2019s current electric fleet and convert nearly <strong>$800 million<\/strong> in potential recurring revenue into active capacity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Movers_Fabrinet_and_Klarna_Slide\"><\/span>Tech Movers: Fabrinet and Klarna Slide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fabrinet (<a href=\"\/stock\/FN\">FN<\/a>) saw its stock drop <strong>10%<\/strong> despite beating revenue and earnings estimates. Investors reacted negatively to a <strong>30-basis-point decline<\/strong> in gross margins and negative free cash flow of <strong>-$37 million<\/strong>, driven by aggressive capital spending in Thailand and California. Similarly, Klarna (<a href=\"\/stock\/KLAR\">KLAR<\/a>) shares tumbled <strong>22%<\/strong> after reporting light Gross Merchandise Volume (GMV) and a dismal outlook for the upcoming fiscal year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"OpenAI_and_Market_Infrastructure_Updates\"><\/span>OpenAI and Market Infrastructure Updates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>OpenAI officially launched <strong>ChatGPT for Teens<\/strong>, a dedicated version of its AI chatbot for users aged 13 to 17. The platform includes enhanced content restrictions and a &quot;Study Mode&quot; designed to assist with homework through guided learning rather than direct answers. Meanwhile, the <strong>Texas Stock Exchange (TXSE)<\/strong> achieved a milestone by securing its first primary listings. Two small ETFs focused on the Texas economy, the <strong>Texas Capital Texas Equity Index ETF (TXS)<\/strong> and the <strong>Texas Capital Texas Oil Index ETF (OILT)<\/strong>, are slated to move to the new exchange.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Inflation_Concerns_Linger_in_Tech_Supply_Chains\"><\/span>Inflation Concerns Linger in Tech Supply Chains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>New data from <em>Axios<\/em> highlights emerging &quot;price pain points&quot; in the tech sector, noting that the <strong>Producer Price Index (PPI) for Printed Circuit Boards (PCBs)<\/strong> surged <strong>45%<\/strong> in July compared to the previous year. This spike suggests that while broader inflation may be cooling, specific industrial inputs for electronics and AI infrastructure remain under significant upward pressure, potentially impacting future margins for hardware manufacturers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Meta Platforms (META) is facing a landmark trial in California involving 29 state attorneys general, with potential financial 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