Meta, the parent company of Facebook and Instagram, has agreed to pay as much as $16.7 billion (roughly €14.3 billion) and to impose new limits on how teenagers use its social media sites as part of a lawsuit in California brought by a number of US states. The settlement still requires court approval. The proposal was filed in federal court on Wednesday and seeks to resolve claims from a coalition of 47 US states in total.
As well as the financial damages, it foresees Meta introducing various limitations and changes designed to improve child safety and discourage or prevent overuse and social media overnight or during school hours. This is a developing story, more to follow... If you rely on our team for trusted reporting, please take a moment to select us as your Preferred Source on Google, so you'll always see our verified news first.
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