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Meta Faces Up to $17.1 Billion Settlement as Social Media Industry Confronts Growing Youth-Safety Litigation
Meta Platforms, the parent company of Facebook and Instagram, has agreed to pay at least $12.1 billion and potentially up to $17.1 billion to resolve claims brought by 51 U.S. states and territories alleging that the company designed its social-media platforms in ways that encouraged compulsive use among children and teenagers. The agreement requires Meta to impose new restrictions on young users, including daily usage limits, nighttime access restrictions, stronger age-assur

The Muni Bank
Aug 288 min read
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