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Meta Platforms and multiple US states have agreed to settle a landmark social media case, according to a court filing Wednesday. Listen to that and the latest stories from Bloomberg News Now.
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Finance
How each outlet headlined it
Bloomberg News
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Meta Platforms and multiple US states have agreed to settle a landmark social media case, according to a court filing Wednesday. Listen to that and the latest stories from Bloomberg News Now.
The Wall Street Journal
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Meta agreed to an $18 billion settlement with 48 states over child-safety claims and will create new safeguards for users under 18.
CNN
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Meta reaches settlement with states in landmark case claiming it intentionally designed addictive platforms that harmed young people's mental health. https://cnn.it/4wMcXQf
Guardian Business
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US tech giant agrees to establish further protections for teens such as daily usage limits and blocks on nighttime use Meta reached an agreement to settle a landmark case brought by states across the US that accused the tech giant of addicting and harming children with dangerous products, according to a court filing released on Wednesday. The agreement will require the social media company to pay up to $17bn. Meta agreed to establish safeguards for teenage users, including daily usage limits and
Variety
Meta will pay a record $17.1 billion — and implement broad child-safety reforms on Instagram and Facebook — under a nationwide settlement with 26 state attorneys general, including California’s Rob Bonta. The agreement, subject to court approval, resolves claims by the state AGs that Meta designed Instagram with addictive features, knowingly exposed young users to […]
The New York Times
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Meta reached a landmark settlement of up to $17.1 billion with 47 states, D.C. and U.S. territories and has to make major changes to its products over claims it endangered children with addictive social media platforms. nyti.ms/4gwjgkP
The Washington Post
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Breaking news: Meta has agreed to a roughly $18 billion settlement with a coalition of state attorneys general over a lawsuit alleging that its social media platforms, including Facebook and Instagram, have harmed children and teens.
WIRED
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In addition to sending billions of dollars to states, Meta will make substantive changes to its platforms as part of a landmark settlement.
Al Jazeera
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Meta settles $16.68bn lawsuit over child addiction claims, agreeing to major changes in Facebook and Instagram features.
Investing.com Stocks
Factbox-What Meta agreed to in US teen safety settlement
TechCrunch
Meta agrees to sweeping changes to restrict kids’ access to its apps as part of settlement with states
Reuters
What Meta agreed to in US teen safety settlement reut.rs/4gmVV6s
BleepingComputer
Meta has reached a proposed settlement worth up to approximately $18 billion with a bipartisan coalition of 52 attorneys generals over allegations that Facebook and Instagram were deliberately designed to encourage compulsive use by children and teenagers. [...]