Meta to pay $16.7B over social media lawsuit

Meta announced a $16.7 billion settlement with a coalition of attorneys general from several states. The settlement relates to allegations that the company misled the public about the impact of its platforms on children's mental health, particularly through Facebook and Instagram apps. The agreement includes restrictions on teenagers’ usage, a nighttime ban, age verification measures, and the creation of tools for parents and guardians, all aimed at reducing the risk of harm to children. The settlement seeks to improve the safety of children on social media, with the expectation that the court will approve it and allocate between $1.5 billion and $2.1 billion to California.

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