Meta’s $18 billion settlement puts TikTok and YouTube on notice
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Meta 's watershed social media trial wrapped up in California, but now attention is shifting to the wider industry with TikTok, YouTube and Snap next on the firing line.
Key facts
Meta said it would only pay 70% of the settlement, or around $12.7 billion to the states over a period of 10-years
Bonta, New York's Attorney General Letitia James, and 14 other state attorneys filed a lawsuit against TikTok in 2024 for violating consumer protection laws
The agreement includes a payment of up to $18 billion, part of which is tied to conditional action by other social media giants
Meta also lost a separate social-media case brought by New Mexico Attorney General Raul Torrez, after a court found that the company violated the state's child-safety laws and ordered it to pay
Summary
The Instagram and Facebook owner settled in week two of a trial brought by a coalition of tens of U.S. states alleging that the tech giant had misled the public about the harms its platforms posed to younger users. The agreement includes a payment of up to $18 billion, part of which is tied to conditional action by other social media giants. Meta said it would only pay 70% of the settlement, or around $12.7 billion to the states over a period of 10-years. California's Attorney General Rob Bonta, a co-lead in this case alongside New Jersey, Colorado, and Kentucky, said Meta's settlement "gives notice to others in the industry that they're not done, and they expect similar outcomes from them as well.