tech
Meta agrees to pay up to $18bn to settle social media case
Social media giant Meta has reached a settlement with US states and territories to resolve a court case related to child safety on Facebook and Instagram.
TL;DR
- Meta will pay a maximum of $18 billion to 48 US states, DC, and three territories.
- The settlement resolves a court case related to child safety on Facebook and Instagram.
- Meta must implement new rules for teenage users, including daily limits and night-time blocks.
- The company denied wrongdoing in agreeing to the settlement.
- States alleged Meta violated federal and state privacy laws and harmed youth wellbeing.
- The settlement includes robust age verification and stronger parental controls.
- The payment will be distributed annually over a 10-year period.