Meta Platforms has recently reached a settlement worth up to $18 billion with 29 U.S. states over child safety on Facebook and Instagram. As part of the agreement, the company will implement new restrictions on how children use its platforms. The proposed settlement which requires court approval would see the company pay around $12.7 billion...Read More
Texas Attorney General Ken Paxton announced Wednesday that Meta Platforms Inc. will pay the state more than $1 billion and add new default limits for young users on Facebook and Instagram. According to the Office of the Attorney General, the money is intended for youth mental health services, crisis resources, digital literacy programs, after-school initiatives...Read More
(Photo by VCG/VCG via AP) Meta’s settlement with 52 attorneys general from US states, territories, and the District of Columbia over allegations that Facebook and Instagram harmed children is likely to shift how regulators approach online safety in Europe too. The agreement announced Wednesday requires Meta to make sweeping changes to how teenagers use its...Read More
The UK government expects the Instagram owner Meta to roll out the same protections for children in Britain as those it agreed in the US on Wednesday, as part of a court settlement that could cost the company up to $18bn (£13bn). Pat McFadden, the work and pensions secretary, said on Thursday he did not...Read More
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Meta has agreed to pay up to $17.1 billion (€14.7 billion) to settle claims brought by dozens of US states and territories that its Facebook and Instagram platforms harmed children. The deal, announced on August 26, resolves litigation originally filed by 29 states in 2023 and later joined by additional states and territories. The settling...Read More
Meta has agreed to pay up to $18 billion to settle a landmark lawsuit alleging its social media apps harm teenagers. Morningstar expects only a marginal hit to teen usage and little revenue impact from the new restrictions from proposed changes to Meta’s apps. The $18 billion deal covers 48 states and four U.S. jurisdictions,...Read More
Today’s Change (-8.45%) $-0.50 Current Price $5.42 Key Data Points Market Cap $9.2BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day’s Range $5.32 – $6.00 52wk Range $3.81 – $9.28 Volume 5.2K Avg Vol 42.4M Gross Margin 54.63% Snap (SNAP...Read More
Today’s Change (1.07%) $6.09 Current Price $576.14 Key Data Points Market Cap $1.5TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day’s Range $561.88 – $593.34 52wk Range $520.26 – $790.80 Volume 77.3K Avg Vol 18.7M Gross Margin 81.75% Dividend Yield...Read More
LANSING, Mich. (News 10) – Meta, the company behind Facebook and Instagram, has agreed to pay up to $17 billion to settle claims that it designed its social media platforms to be addictive to children. Michigan is one of 47 states that accused Meta of intentionally endangering the mental health of kids on its platforms....Read More
