finance.yahoo.com

Meta Agrees to Pay About $18 Billion to Settle Teen Harm Claims

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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Meta agreed to pay about $18 billion to resolve claims from 29 states that it designed Facebook and Instagram to be addictive and harm young people’s mental health. Meta admitted no wrongdoing and continues to deny harm, but the deal ends the trial and requires platform changes. About 70% of the settlement goes to states over a decade in installments.

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