News commentary
Meta’s $18 billion settlement could reshape social media for young people
The landmark deal requires changes designed to make Facebook and Instagram less addictive and gives competitors an incentive to do the same
The first thing that jumps out is the number.
On Wednesday, Meta reached a landmark settlement and agreed to pay up to $18 billion to 47 states, as well as the District of Columbia and U.S. territories, to settle claims that its social media platforms, including Facebook and Instagram, endangered children through addictive features.