Meta reaches $17 billion settlement with states in landmark trial over teen social media addiction
Meta has reached a $17 billion settlement with 47 US states, settling a landmark trial over alleged contributions to teen social media addiction. The agreement mandates stronger safety measures on Facebook and Instagram, including daily time limits and parental controls. California and New Jersey anticipate receiving at least $1.5 billion and $366 million respectively.
Meta's CEO Mark Zuckerberg is set to testify in the case, which began last week in Oakland, California. The settlement's payout will be spread over ten years, with 30% of the funds contingent on TikTok and YouTube adopting similar safety features and paying the same amount.
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