Meta Platforms settles youth-safety litigation, Evercore maintains bullish outlook

Meta Platforms has reached a settlement in a major youth-safety lawsuit, with payments ranging from $11.66 billion to $16.68 billion. While the agreement removes a significant legal overhang, the company continues to face other outstanding litigation. Evercore ISI reiterated an 'Outperform' rating, citing the reduction in legal risk as a positive catalyst.