Meta's, Alphabet's Credit Default Protection Costs Jump After Social Media Ruling -- Market Talk
Dow Jones
Yesterday
1518 GMT - The cost of credit default protection for U.S. technology giants Meta and Alphabet jumped after a U.S. court on Thursday found the companies liable in a social media addition trial. The ruling led to concerns about the possibility of the tech companies facing additional law suits which could demand billions of dollars in damages, XTB's Kathleen Brooks says in a note. Meta's 5-year credit default swaps spreads trade at 68 basis points, having risen 4 basis points following the ruling on Thursday, S&P Global Market Intelligence data show. Google parent Alphabet's 5-year CDS spreads are at 51 basis points, having climbed 2bps on Thursday. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 27, 2026 11:18 ET (15:18 GMT)
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