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Meta has agreed to settle the social media addiction trial brought forward by California and other states for nearly $18 billion. NBC News' Allie Canal and Misty Marris have details on the settlement and what it means for the social media giant.
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.
Tech giant Meta will shell out up to $17 billion in a settlement following a massive multi-state legal suit on social media addiction. CBS News' Kelly O'Grady explains more.
The $17 billion settlement is a fraction of Meta's 2025 revenue of $201 billion.
The social media giant settled with 47 states, the District of Columbia and U.S. territories, and agreed to make major changes to its products over claims its platforms endangered children.
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.
Meta has agreed to pay up to $16.68bn (£12.26bn) to dozens of US states to settle claims that its social media platforms harmed children.
