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26.08.26 - 23:48
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Meta′s Monumental Settlement (Bloomberg)
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Finally, what some said could never be done has happened: Meta has been forced to make real changes to protect the millions of young people who use its products. While the amount that the company agreed to pay to settle a lawsuit brought by several states — up to $18 billion — is large, the real impact of the settlement may lie in what other social media apps do next, Bloomberg Opinion Dave Lee says. (Source: Bloomberg)...
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26.08.26 - 23:36
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Meta Settles Social Media Lawsuit for $18B (Bloomberg)
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Meta Platforms Inc. said it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. Bloomberg News Investigative Reporter Olivia Carville and Bloomberg Tech Host Ed Ludlow break down the announced agreement and what it means for the tech giant. (Source: Bloomberg)...
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