California · Google · Meta · Federal Reserve (FED) · Calif · NPR Technology
Meta, states agree to $17 billion settlement in child safety trial
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California Attorney General Rob Bonta speaks to reporters at a press conference after opening statements took place in the Meta trial over a lawsuit brought by U.S. states about social media addiction, at the Ronald V.
Key facts
- The settlement requires Meta to pay up to $17 billion in penalties to the states over 10 years and to make significant changes to how its platforms operate so that they are safer for minors
- The company reported a net profit of around $16 billion last quarter
- Dellums Federal Building and U.S. Courthouse in Oakland, Calif., on Aug. 18
- Judge Yvonne Gonzalez Rogers of the U.S. District Court for the Northern District of California approved the settlement hours after it was filed
Summary
The social media company Meta and states suing it have agreed to settle a landmark federal child safety lawsuit in a move that state attorneys general hope will be a turning point for youth safety on social media platforms. California, Colorado, Kentucky and New Jersey represented a larger consortium of states that alleged in the suit that Meta designed its apps, Facebook and Instagram, to be addictive to kids and knew about the risks those platforms posed, but hid that information from the public.