WorldPingMeta will pay up to $18 billion over 10 years — and implement broad child-safety reforms on Instagram and Facebook — under a nationwide settlement with 26 state attorneys general, including California’s Rob Bonta.
This is a short WorldPing brief. The full report was published by Variety.
Read the full report at VarietyMeta and state attorneys general settled a federal trial centering on allegations that company misrepresented the extent of child-related mental health harms.
Brief by WorldPing · Original reporting by CNBC World
WorldPingMeta Platforms on Wednesday agreed to pay $17 billion to settle claims, filed by 47 US states, that the company designed Facebook and Instagram to deliberately make teens addicted to their products while deceiving the public, according to state attor…
Brief by WorldPing · Original reporting by France 24
WorldPingThe social media giant also agreed to make sweeping changes to Instagram and Facebook.
Brief by WorldPing · Original reporting by NPR Top
WorldPingThe settlement is just 1.17% of Meta’s $1.46 trillion market cap.
Brief by WorldPing · Original reporting by Fortune
WorldPingThe company called on YouTube and TikTok to join it in setting time limits for teens.
Brief by WorldPing · Original reporting by Engadget
Meta settles $16.68bn lawsuit over child addiction claims, agreeing to major changes in Facebook and Instagram features.
Brief by WorldPing · Original reporting by Al Jazeera
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