Regulatory & Legal Pressures

Multiple state and federal actions: Texas WhatsApp encryption lawsuit, Texas AI Glasses privacy probe (new), Vermont AG youth addiction lawsuit allowed by SCOTUS, FTC antitrust suit narrowing competitive defense, BIPA facial recognition risk, new biometrics appeal over Messenger filters. EU DSA and Irish DPC regulatory capture concerns. Growing litigation costs and product design risks. Shareholder votes tie exec pay to child safety and demand hate speech reports, adding governance pressure alongside New Mexico $375M penalty and 2,400+ lawsuits.