Meta reaches $16.68 billion settlement over social media harms to children
- On Wednesday, Meta Platforms agreed to pay up to $16.68 billion to settle a lawsuit from 29 states alleging Facebook and Instagram addict children and mishandle data, pending judicial approval.
- Attorneys general from states including California and Kentucky accused the company of violating privacy laws and stoking a mental health crisis, though Meta "denies the allegations against it and that it has any liability to the Plaintiffs."
- Under the deal, the company commits to "establishing daily limits and blocks on nighttime use for teenage users" and must implement enhanced age assurance measures and new parental supervision tools.
- Instagram head Adam Mosseri testified Tuesday in Oakland, Calif., one day before the settlement resolved the trial, which was one of several similar cases the company currently faces.
- A New Mexico jury fined Meta over $900 million in March for creating a public nuisance, establishing precedent as the company navigates ongoing lawsuits regarding platform design and child safety.
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Market ScreenerMeta settles with US states over social media harms
Aug 26 : Meta Platforms reached a settlement to resolve claims brought by states across the country that the company designed Instagram and Facebook to addict children, misled consumers about their safety, and improperly collected personal data of children who used its platforms, court papers show.The deal wa
Meta, US states have discussed settling teen social media harm case, Bloomberg News reports
Meta Platforms and state attorneys general have discussed a potential mid-trial settlement of a lawsuit accusing the company of deliberately designing Facebook and Instagram to be addictive to young users, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Meta agrees to pay $16B to settle claims from states over child harm
The settlement sets a precedent for tech accountability, potentially reshaping platform designs to prioritize user welfare over engagement metrics. The post Meta agrees to pay $16B to settle claims from states over child harm appeared first on Crypto Briefing.
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