Admittedly, it won’t be surprising if Meta continues to lose these lawsuits. However, as I have alluded yesterday, I do give Meta much higher chance to prevail in the Supreme Court. But that will take years from now, so the stock’s near term trajectory can be largely marred by persistent barrage of negative headlines throughout 2026. Since you can never be certain that Supreme Court will eventually side with Meta, investors may react to the current news flow than feeling reassured by the thought that these may all be nothingburgers once it reaches the Supreme Court. If these negative news flow then coincide with macro softness and downward earnings revision, that will only exacerbate the situation for the stock.