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Meta Faces $16.7B Social Media Lawsuit
Meta has reached a legal settlement with a coalition of state attorneys general regarding allegations that it misled the public about the negative effects on children's mental health resulting from the use of apps like Facebook and Instagram. The settlement includes restrictions on daily usage, a nighttime ban for teenagers, age verification measures, and additional tools for parents and guardians. Meta has agreed to pay $16.7 billion, with expectations that the total settlement could reach $17.1 billion, including other claims. The aim of the settlement is to reduce the risks of harm to children and to bring about significant changes in the company's policies in the coming months.
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