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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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26.08.26 - 20:36
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Meta Settles Federal Social Media Addiction Trial | Bloomberg Tech 8/26/2026 (Bloomberg)
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Bloomberg's Ed Ludlow explains why Meta agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Plus, Nvidia reports after the closing bell today. And, Southern Company CEO Chris Womack joins to discuss the AI boom's impact on the American power grid. (Source: Bloomberg)...
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26.08.26 - 19:48
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Meta Agrees to Settle Lawsuit Over Social Media Claims (Bloomberg)
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Meta has agreed to pay up to $16.7 billion to resolve the lawsuit at the center of the trial in Oakland and as part of the settlement, will also put more safeguards in place for users between 13 and 17 years old. Ed Ludlow explains (Source: Bloomberg)...
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26.08.26 - 18:48
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Meta, States Agree To Settle Teen Social Media Case (Bloomberg)
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Meta Platforms Inc. said it agreed to pay up to $18 billion in landmark settlements to resolve allegations from multiple US states that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst joins to discuss. (Source: Bloomberg)...
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26.08.26 - 16:45
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Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children (ZeroHedge)
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Meta Settles With US States For $16.7 Billion Over Social Media Harms To Children
Meta Platforms has reached a $16.7 billion settlement to resolve a landmark claim brought by several states that the company designed Instagram and Facebook to addict children, improperly collected children's personal data, and misled consumers about their safety.
The deal was in a Wednesday court filing in California after a lawsuit was brought by 29 states - with attorneys for Colorado, California, New Jersey and Kentucky - leading the group. The states argued that features like infinite scroll were purposely engineered to keep young users hooked, that Meta misled the public about the safety of its platforms for adolescents, and that the company improperly collected and monetized children's personal data in violation of federal law.
As part of the settlement, Meta must implement daily usage limits and 'nighttime blocks' for teenagers who use the company's apps like Facebook and Instagram, as well...
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