It comes after a company whistleblower testified in the US that the company knew its products can harm children.
A Meta spokesman on Thursday denied that their platforms are unhealthy.
Massachusetts Attorney General Maura Healey, a Democrat who first announced the inquiry, tweeted: "Facebook, or Meta, has known Instagram is linked to depression, eating disorders & suicide among young people."
"We will identify if any laws were broken and end the abuse for good."
Nebraska Attorney General Doug Peterson, a Republican, said that the companies "treat our children as mere commodities to manipulate for longer screen time engagement and data extraction".
"These social media platforms are extremely dangerous and have been proven to cause both physical and mental harm in young people," added New York Attorney General Letitia James.
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