Economy
Meta Settles Youth Social Media Harm Lawsuit for $16.68 Billion
The Hindu2h
THE BRIEF
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Meta Platforms agreed to a $16.68 billion settlement to resolve claims from 29 states that it designed Facebook and Instagram to addict children and improperly collected their personal data.
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The company will implement nationwide changes for teenage users, including daily usage limits and nighttime blocks, to address allegations of fueling a youth mental health crisis.
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Meta denied wrongdoing in the settlement, which concludes a federal trial where states had initially sought penalties reaching up to $1.4 trillion for violating consumer protection laws.