Meta Will Pay Up to $16.7 Billion to Settle Its Social Media Harms Case—and That’s Not All
Well, that was quick. Not even a quarter of the way into an expected 19-day federal trial over Meta’s alleged failure to protect young users, the social media giant agreed to settle the case. The company has agreed to pay up to $16.7 billion to 51 US states and territories, and make substantive product changes for how teens engage with its platforms.
Attorneys general representing some of the 29 US states that had taken Meta to trial announced the deal on Wednesday, shortly before Instagram CEO Adam Mosseri was set to return to the witness stand. In a separate announcement detailing the settlement, Meta urged YouTube and TikTok to adopt similar changes to their platforms.
The settlement is a stunning development; while other social media services including YouTube, Snapchat, and TikTok resolved similar lawsuits out of court, Meta has repeatedly chosen to go to trial. Earlier this year, it lost...
Copyright of this story solely belongs to wired.com. To see the full text click HERE