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Home›US Markets›Equities›Meta reaches $18 billion settlement in child-safety la…

Meta reaches $18 billion settlement in child-safety lawsuit

The agreement with state officials resolves a legal overhang that analysts said had been weighing on the company’s stock.

Reported · Written up by our desk · Equities

Meta has reached an agreement with state officials to settle a child-safety lawsuit, with the company facing a total settlement value of $18 billion, MarketWatch reports.

The deal removes what analysts described as a lingering cloud over Meta’s shares, with the settlement expected to ease uncertainty around the company’s legal and regulatory outlook, according to MarketWatch.

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Sources

MarketWatchMeta dodges ‘Big Tobacco’ nightmare with $18 billion settlement in child-safety lawsuit
MarketWatchMeta dodges ‘Big Tobacco’ nightmare with $18 billion settlement in child-safety lawsuit

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