Meta is trading 3.04% down now at $571.91, influenced by two key company-specific developments: * Reports highlighted a major insurance gap at its $14 billion El Paso data-center venture with BlackRock, revealing a lack of total-loss coverage that exposes lenders to significant uninsured losses. * A significant federal lawsuit commenced, accusing Meta of deliberately designing addictive features and violating the Children's Online Privacy Protection Act, with plaintiffs seeking up to $1.4 trillion in damages. * Meta closed at $589.85 on August 14.