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Meta to pay up to $16.7 billion to settle social media addiction case
The settlement ends a federal trial over allegations that Meta misrepresented child-related mental health harms, according to the court record.
Meta Platforms has agreed to a multistate settlement that would require it to pay up to $16.7 billion to resolve a landmark lawsuit over claims tied to teen social media addiction, CNBC Markets reports, citing the terms discussed around the federal trial.
The dispute centers on allegations that Meta misrepresented the extent of child-related mental health harms, as the company and state attorneys general reached a deal that cuts short the trial, according to coverage of the settlement.
Additional requirements include new child-safety measures for Meta’s Facebook and Instagram platforms, with state attorneys general describing the agreement as a way to add platform guardrails.
Insurance Journal also reported that the settlement is supported by a court filing and reiterates that Meta would pay up to $16.7 billion as part of the resolution.