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Meta Downplayed $10B Ad Changes 'Tsunami,' 9th Circ. Told

By Dorothy Atkins ( January 6, 2026, 4:43 PM EST) -- Meta Platforms Inc. investors urged a Ninth Circuit panel on Tuesday to revive a proposed securities class action alleging the social media giant hid the financial effects of privacy changes by Apple Inc., arguing that Meta executives publicly assured investors while knowing the company would be hit with a "$10 billion tsunami."...

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