Submission + - Meta reaches $16.68 billion settlement over social media harms to children (reuters.com)
2phar writes: Meta agreed to pay a maximum $16.68 billion as part of a settlement to resolve claims brought by states across the country that the company designed Facebook and Instagram to addict children, misled consumers about their safety, and improperly collected personal data of children who used its platforms, court papers show.
Meta also agreed to make changes for teenage users of Facebook and Instagram nationwide, including daily usage limits and nighttime blocks, court papers show.
The company denied wrongdoing in agreeing to settle. Shares of Meta rose 4.4% in pre-market trading.
Meta also agreed to make changes for teenage users of Facebook and Instagram nationwide, including daily usage limits and nighttime blocks, court papers show.
The company denied wrongdoing in agreeing to settle. Shares of Meta rose 4.4% in pre-market trading.