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Meta Settles States' Claims Over Minors Addiction and Data Privacy for $12.7B

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig4.60Sen-6.60Env0.00Soc-5.50Gov-7.20

Meta Platforms reached a $12.7B settlement with state attorneys general over claims that Facebook and Instagram were designed to be addictive to minors. The deal, reached during a federal trial in California, also resolves lawsuits tied to personal data collected via Cambridge Analytica. Meta agreed to daily usage limits and restrict nighttime use by minors, and expects an about $10B Q3 charge.

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