Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter OAKLAND, Calif. (AP) — Meta has agreed to pay $17 billion and add stronger child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 states, state attorneys general announced Wednesday....Read More

AP Photo/Jeff Chiu FILE – People talk near a Meta sign outside of the company’s headquarters in Menlo Park, Calif., March 7, 2023. (AP Photo/Jeff Chiu, File) Meta is kicking off a court battle with some of the highest stakes yet. But it is far from the only litigation facing the social media giant and its competitors....Read More

LANSING, Mich. (News 10) – Michigan Attorney General Dana Nessel announced a landmark multistate settlement with Meta Platforms Inc. that will require the company to implement new child-safety measures on Instagram and Facebook. Michigan will receive at least $171 million under the agreement, which resolves claims brought by 47 states, the District of Columbia, Puerto...Read More

The tell came immediately from the stock market. Meta shares rose 4.4 percent in premarket trading Wednesday as the company agreed to a proposed settlement worth up to $16.68 billion over child-safety claims. It’s a reaction that captures the somewhat perverse economics of penalizing one of America’s richest companies. The deal, reached during a federal...Read More

Connecticut could receive as much as $265.4 million under a massive multistate settlement with Meta that would also impose new limits on how children use Instagram and Facebook, Attorney General William Tong announced Wednesday. The agreement calls for Meta to pay states at least $12.19 billion over 10 years to settle allegations that the company...Read More

By Colin Lecher, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. Meta agreed to pay up to $17 billion and to make changes to its platforms to end a major case on children and social media addiction.  California will receive up to $2.1 billion if the settlement is approved by...Read More

Meta Platforms (META) shares were muted in morning trade Wednesday after the company agreed to a proposed multistate settlement worth up to $17 billion to resolve allegations that Facebook and Instagram were designed to encourage compulsive use among children and teens and that Meta misled users and the public about the platforms’ safety. The settlement announced...Read More

PHILADELPHIA (AP/ KYW Newsradio) — Meta has agreed to pay $17 billion and add child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 states, according to state attorneys general, who made the announcement Wednesday. California, Colorado, Kentucky and New Jersey...Read More

The settlement, filed in court Wednesday, calls for Meta to pay approximately 7% upfront with the remainder structured over time. As part of a proposed consent judgment, Meta must introduce daily usage limits and nighttime blocks for teenage users, stronger age-verification measures to keep children off its platforms, and expanded parental control tools. Meta denied...Read More

Meta and states settle landmark case over harms to children for $16.6 billion Meta has agreed to an about $17 billion settlement to resolve claims brought by 29 state attorneys general that it intentionally designed addictive platforms that harmed young people’s mental health, according to a court filing Wednesday. Video above: States v. Meta: the...Read More