The Delaware Chancery Court rejected an attempt to hold directors of Meta liable for the implications their social media products have to the economy as a whole. The plaintiff argued that the social media company's directors hurt Meta shareholders that invested in Meta as part of a portfolio of investments designed to cover the economy broadly (though vehicles such as index funds).
The Chancery Court concluded that a director's fiduciary duties are to shareholders to maximize that company's value for its shareholder, not to maximize the economy as a whole.