Meta is set to provide up to 18 billion US dollars to finalize legal cases from US states concerning platform addiction and potential harms to children.
The historic agreement concludes legal claims from California and other states focused on teen addiction across its online services.
As part of the deal, Meta also committed to sweeping changes on Facebook and Instagram. The agreement ends pending litigation in the United States tied to social media harms 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