Meta Reaches $18 Billion Settlement in Lawsuit Alleging Youth Addiction
Tech giant Meta has resolved the lawsuit regarding allegations that its platforms cause addiction in children by reaching an agreement with 47 states.
US tech giant Meta has reached an 18 billion dollar settlement with 47 states in a lawsuit alleging that its Facebook and Instagram platforms cause addiction in children and harm mental health.
Details of the Settlement
US tech giant Meta has reached an 18 billion dollar settlement agreement with 47 states in the critical lawsuit filed against its social media platforms, Facebook and Instagram.
Avoiding Bankruptcy Risk
During the jury selection, which was the initial phase of the trial, Meta faced the risk of massive penalties, posing a major threat to the company's financial future.
Payment Plan and States
According to the agreement, Meta will initially pay approximately 12 billion dollars, and this amount will be distributed to the participating states under a plan spread over 10 years.
Reduction of Legal Uncertainty
This reached settlement brought an end to numerous state lawsuits, significantly reducing the legal uncertainty hanging over the company and preventing executives from testifying.
New Security Measures
Within the scope of the agreement, new security measures are being implemented for young users, such as a two-hour usage time limit, nighttime access restrictions, and parental controls.