Meta settles social media harms case for $16.68 bn
Meta Platforms has reached a $16.68 billion settlement to resolve claims that the company intentionally designed Facebook and Instagram to addict children and misled consumers about their safety. The agreement resolves lawsuits brought by 29 U.S. states, as well as claims related to the Cambridge Analytica data scandal. In addition to paying the settlement, Meta will implement daily and nighttime usage limits for children, and enhance measures to prevent access to age-restricted content.
The Menlo Park, California-based company denied the allegations during the settlement. The case was one of the most high-profile tests of allegations that social media companies harm young users.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
