To The Moon

$Meta Platforms, Inc.(META)$ 🔥🤖🚨 META’S $5M AI LAWSUIT MELTDOWN: HALLUCINATIONS, RIOTS & LEGAL RECKONING 🚨🤖🔥

Robby Starbuck just filed a blistering $5 million defamation lawsuit against Meta Platforms ($META), accusing its AI of spewing fake news with real-world consequences.

Meta’s chatbot repeatedly hallucinated that Starbuck took part in the January 6th Capitol riots, despite him being in Tennessee. Then it escalated, falsely stating he had pleaded guilty to disorderly conduct and even promoted Holocaust denial.

Meta acknowledged the complaint months ago, but according to court filings, it did nothing to fix the misinformation. Starbuck alleges this inaction not only destroyed his reputation, but set a dangerous precedent for unchecked algorithmic libel.

This suit may become the landmark case that tests whether Section 230 protections apply when AI systems hallucinate defamation. Legal experts are watching closely, and so are investors.

📉 Meta stock closed at $554.44 (+0.85%), but slipped in post-market to $549.02 (–0.98%) ahead of earnings due 30Apr25, 🇺🇸US time

📊 Current key levels:

   •   Resistance: $578, then $610

   •   Support: $530, then $500

   •   MA20: $610.78, MA30: $601.45

   •   Downtrend still active, but the stock is trying to reclaim the 5-day EMA at $530.30

💸 Capital Flow: $6.54B turnover with $392.4M post-market activity confirms the market is nervous but active.

🧠 EMV: Still negative at –1.36, signalling liquidity concerns and potential volatility heading into earnings.

🎯 Analyst Ratings (TradingView and Yahoo Finance aggregate):

🟢 38 Buy

🟡 12 Hold

🔴 2 Sell

Mean Price Target: $642.20

High: $780.00

Low: $550.00

🧠 Analyst Insight:

“Misinformation lawsuits linked to AI will multiply,” says Bernstein’s Toni Sacconaghi. “The companies that delay transparency or model control will pay the price, in court and on the tape.”

⚖️ Fun Fact: This is one of the first defamation cases globally involving AI hallucinations about a private citizen, not a public figure. If Starbuck wins, it could force sweeping changes to how AI content is monitored and corrected.

What to Watch:

   •   Post-earnings market reaction on 30Apr25

   •   Any shift in regulatory language around AI liability

   •   CEO commentary during the earnings call, will Zuckerberg address the lawsuit?

Hey Tiger Traders, is this the first crack in Big Tech’s AI armour, or just a bump on the path to dominance?

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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀

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