Meta is set to hand over up to 18 billion US dollars to resolve actions brought by US states concerning compulsive platform use and harms to children.
The historic agreement addresses legal claims from California and other states concerning teen addiction on platforms owned by the company.
Following the resolution, Meta also committed to significant reform measures on Facebook and Instagram. This deal ends active court battles in the United States tied to online risks to children and teens.
Meta agrees to make changes, pay up to $18B US over social media harms to children CBC
Meta agrees to major changes to Facebook and Instagram as it settles US trial over teen addiction for up to $17bn The Guardian
Meta to Pay Up to $17.1 Billion in Landmark Settlement Over Social Media Addiction Claims The New York Times
Meta agrees to sweeping changes, $18 billion payout in landmark state settlement The Washington Post
Meta agrees to settle social media addiction claims with states for up to $18 billion NBC News