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Meta to Pay Up to $16.68 Billion to Settle With US States on Teen Social Media Addiction
Meta has reached a settlement with the 29 U.S.
AI Summary
Meta has reached a settlement with the 29 U.S. states that sued the company for allegedly designing its platforms to be addictive and harmful to children and teens. The agreement, reported by Reuters, could require Meta to pay as much as $16.68 billion, an amount that is under 10 % of its projected 2025 revenue. The settlement allows Meta and CEO Mark Zuckerberg to avoid a high‑stakes trial that could have had broader industry implications.
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