Meta’s settlement with multiple states over teen addiction concerns will lead to new safeguards for young users on Instagram and Facebook. The Hill’s Zach Schonfeld breaks down the limits and parental controls included in the agreement. #meta #facebook #instagram #socialmedia #socialmediaaccounts #addiction #socialmediaaddiction #settlement #parentalcontrols #thegavel
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.
‘massive transformations that will reduce the risk of harm’
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.
As part of the settlement, Meta will implement limits on daily usage and "nighttime blocks" for teenagers, improve age assurance measures to prevent children from using the apps, and create additional tools for parents and guardians.
The deal cuts short the trial, which was expected to see CEO Mark Zuckerberg take the stand before a jury in federal court.
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.