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Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report
Benzinga29d agobearish
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report

Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to

META
Parent of teen who died by suicide 'satisfied' with Meta settlement
Reuters Videos29d agoneutralVIDEO
Parent of teen who died by suicide 'satisfied' with Meta settlement

<body><p>STORY: :: Parent of teen says 'very pleased' with Meta settlements on child safety</p><p>:: Oakland, California / August 26, 2026</p><p>:: Victoria Hinks, Daughter died by suicide at age 16</p><p>“No amount of money is ever going to bring my beautiful daughter back. I miss her every day. It's the first thing I think of when I wake up. Last thing I think of, she should be going off to college. She would have graduated from high school. We live local, we live in Marin. She would have graduated from Redwood High School. She should be going off to college. Instead, I visit her every day in the cemetery in back of our house.” // "Mark Zuckerberg does not want to go up against and see all the information that they have. So, I'm very pleased. There's lots of lawsuits coming for these companies. Lots of parents, and yeah, I am satisfied. I feel like there's, like justice is possible. So yeah.”</p><p>The settlements announced on Wednesday end a federal trial that had been one of the highest-profile tests of allegations that social media companies harm children.</p><p>While Meta will not undergo a fundamental overhaul, the accords represent a sweeping effort to define how it serves young users.</p><p>Meta agreed for the next decade to restrict teenagers' use of Facebook and Instagram to two hours a day and block all usage from midnight to 6 a.m., absent parental consent.</p><p>These limits could be tightened if other social media companies adopt similar terms. Meta will also enhance measures to prevent children from accessing age-restricted content.</p><p>The settlement does not require Meta, which denied wrongdoing in agreeing to settle, to abandon personalized recommendations or targeted advertising. The total payout represents about three to four months of profit for the Menlo Park, California-based company.</p></body>

META
Meta joins a list of corporations that have settled cases for billions of dollars
Associated Press29d agoneutral
Meta joins a list of corporations that have settled cases for billions of dollars

Oil giant BP agreed to pay $20 billion for the Deepwater Horizon disaster that became the worst offshore spill in the nation’s history. The settlement, first announced in 2016, included $5.5 billion in civil Clean Water Act penalties and billions more to cover environmental damage and other claims by the five Gulf states and local governments. Twenty-four Enron executives, including former CEO Jeffrey Skilling, were convicted for their roles in the fraud.

META
Anthropic Says Its Market Is $30 Trillion, Same As US GDP
24/7 Wall St.29d agoneutral
Anthropic Says Its Market Is $30 Trillion, Same As US GDP

Anthropic is pitching investors a revenue number so large it strains belief, but buried beneath the headline figure lies a tangle of risks involving overbuilt data centers, geopolitical threats, and an AI economy that could ultimately devour the very consumers it depends on.

META
Stocks to Watch: Nvidia, Intuit, Meta
The Wall Street Journal29d agoneutral
Stocks to Watch: Nvidia, Intuit, Meta

↘️ Intuit (INTU): The company, known for its tax-preparation and accounting software, forecast slower sales growth in the year ahead as it navigates declines in its desktop business. Shares dropped more than 11% premarket.

CRMCRWDINTUMETAZM
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report
Benzinga30d agobearish
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report

Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to

META