Meta to Pay Up to $18B Over Teen Social Media Use
Meta will pay up to $18B and cap teen Facebook and Instagram use at two hours daily after nearly all US states sued over child safety. Meta will pay up to $18 billion over the next decade and impose real usage limits on teenagers using Facebook and Instagram, settling claims that the company deliberately designed […]
Meta will pay up to $18 billion over the next decade and impose real usage limits on teenagers using Facebook and Instagram, settling claims that the company deliberately designed its platforms to addict children. The deal ended a federal trial mid-stream, right as Instagram head Adam Mosseri had begun testifying and Mark Zuckerberg was expected to take the stand next.
The timing made sense given the huge potential penalties. Four states, California, Colorado, Kentucky, and New Jersey, were seeking up to $200 billion in damages. Before the trial, Meta said they could demand as much as $1.4 trillion. Against those figures, the $18 billion settlement looks relatively small, although it still equals about three to four months of Meta’s profits.
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