NYTIMES (Emmy Martin) - What Does $17.1 Billion Mean for Meta?
The Silicon Valley company agreed to pay up to $17.1 billion in penalties as part of a landmark settlement with states over social media addiction claims.
The Silicon Valley company agreed to pay up to $17.1 billion in penalties as part of a landmark settlement with states over social media addiction claims.
Meta settled just eight days into the social media addiction trial. Over two dozen states accused the tech company of endangering children by intentionally addicting kids to Facebook and Instagram. Katy Tur shares more details about the lawsuit.
Landmark trials are testing a new legal strategy claiming that Meta, TikTok, Snap and YouTube caused personal injury through addictive products.
Meta, the parent company of Facebook and Instagram, has reached a settlement in a huge lawsuit filed by more than two dozen states. The states accuse the tech company of misleading customers about the safety of its products. Senior Associate Dean for the Yale School of Management Jeffrey Sonnenfeld and Axios Chief Economic Correspondent Neil Irwin join Stephanie Ruhle to discuss.
Meta agreed to change Instagram and Facebook in a settlement resolving a case brought by states that accused the company of designing addictive products for children.
The social media giant settled with 47 states, the District of Columbia and U.S. territories, and agreed to make major changes to its products over claims its platforms endangered children.
The suit centers on the social media giant’s treatment of young users on its platforms.
The suit centers on the social media giant’s treatment of young users on its platforms.Open
Four states are suing the parent company of Facebook and Instagram, alleging that the platforms were designed to hook kids and that Meta hid the mental health risks.
Four states are suing the parent company of Facebook and Instagram, alleging that the platforms were designed to hook kids and that Meta hid the mental health risks.Open
The social platform that Meta once positioned as a rival to Elon Musk’s X now has 500 million monthly users. It increasingly resembles Reddit.
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