Meta is facing one of its biggest challenges yet. After a landmark U.S. ruling found the company liable for designing addictive social media platforms, its stock has taken a hit, raising deeper concerns about legal risks, regulatory pressure, and the sustainability of its core business model.

In this episode of Companies to Watch, Dan Koh and Ryan Huang break down what this ruling really means, why investors are reacting so strongly, and how it could reshape not just Meta, but the entire social media industry.