Meta agrees to pay $18 billion to settle US lawsuits over children’s social media addiction
Meta has agreed to pay up to $18 billion to settle claims from multiple US states that its social media platforms have harmed children. This settlement may prompt a broader reassessment of child safety practices across social media platforms.
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Meta agrees to pay $18 billion to settle US lawsuits over children’s social media addiction
Meta agrees to pay $18 billion to settle US lawsuits over children’s social media addiction
Meta's $18bn settlement may hasten reckoning for social media on child safety
Perhaps our days of doomscrolling are numbered, writes the BBC's technology editor Zoe Kleinman.
Meta Reaches $18 Billion Settlement With 48 States Over Child-Safety Claims
The deal contains broad new safeguards for underage users but only pays out in full if TikTok and YouTube make similar concessions.
Meta’s $18 Billion Social Media Settlement by the Numbers
Meta Platforms Inc.’s plan to pay up to $18 billion in a sweeping settlement with almost every US state will resolve a slew of legal claims related to teenage users on the company’s social media platforms.
Meta Settles Social Media Lawsuit for $18B
Meta Platforms Inc. said it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. Bloomberg News Investigative Reporter Olivia Carville and Bloomberg Tech Host Ed Ludlow break down the announced agreement and what it means for the tech giant. (Source: Bloomberg)
What Does $17.1 Billion Mean for Meta?
The Silicon Valley company agreed to pay up to $17.1 billion in penalties as part of a landmark settlement with states over social media addiction claims. Meta’s entire stock value stands at $1.45 trillion. The $17.1 billion penalty is about 1 percent of that.
Meta settles for $18B in lawsuit brought by 29 states over social media harms to children
The lawsuit alleged that Meta knowingly designed platforms like Instagram and Facebook to addict children, despite knowing about the harms the platforms could pose to young users.
Meta agrees to pay up to $18bn to settle social media addiction trial
Meta has agreed to pay up to $18bn (£13.2bn) to dozens of US states to settle claims that its social media platforms harmed children. The headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California