Relevant context, Eva: in Ontario, several school boards are suing Meta for costs related to damages to teens for amounts in the billions. The Ontario government, eager to ahead of their own school boards suing Meta successfully, have floated exactly this middle and high school ban...
My analysis was that the dollar value of the court cases is high enough, the system of justice is sufficiently infungible to capital in Canada, that Meta and others think they could lose, setting a precedent. At 4 billion for 4 school districts, that's comfortably higher than the…
… market capitalization of Meta if parallel cases pop up in the US and elsewhere in the Western world (although Meta would only see a piece of that cost due to Insta and the leaks). That makes this an existential threat-category event, justifying an all-hands-on-deck response.
