Meta reaches $16.68 billion settlement over social media harms to children
- Meta reached a landmark $17 billion settlement on Wednesday with 47 states over allegations that Facebook and Instagram harmed children and teens through addictive platform design.
- State lawsuits alleged Meta knowingly designed Instagram with addictive features, knowingly exposed young users to serious mental harms, and intentionally misled the public about platform safety.
- The agreement mandates a default two-hour daily time limit for teen users, nighttime blocks from midnight to 6 a.m., and disables cosmetic procedure filters and visible "like" counts.
- Oklahoma Attorney General Gentner Drummond announced the settlement, which guarantees Oklahoma $235,578,728, while Meta Chief Legal Officer C.J. Mahoney urged TikTok and YouTube to adopt similar protections.
- An independent auditor will monitor Meta's compliance annually for five years, with total settlement value potentially reaching $18 billion if TikTok and YouTube adopt equivalent standards.
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Missoulian
Chippewa HeraldMeta settles out of court
SOCIAL MEDIA
Meta to pay up to $17 billion in landmark settlement over social media addiction claims
Meta on Wednesday reached a landmark settlement with 47 states, the District of Columbia and U.S. territories, agreeing to pay up to $17.1 billion in penalties and make major changes to its products over claims it endangered children with addictive social media platforms. The post Meta to pay up to $17 billion in landmark settlement over social media addiction claims appeared first on West Hawaii Today.
Monopoly Money: Why Meta “Likes” the $16 Billion Settlement
Below is my column on Fo on the Meta settlement over social media harms. These damages often seem like monopoly money for a corporation that could wipe out the loss in the market and pass on costs to consumers. If so, Mark Zuckerberg just pulled a community chest card to collect money from every other social media player. Here is the column: It is not every day that a company can settle a case for over $16 billion and celebrate. However, Meta’s …
Facebook owner Meta reaches US$18 billion settlement
Meta pays up to $16.68 billion to 29 U.S. states and must fundamentally remodel Instagram and Facebook for minors, while the corporation denies any misconduct.
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