Meta Platforms agreed to pay a maximum $16.68 billion and make major changes to Facebook and Instagram to resolve claims by states across the U.S. that the company designed those platforms to addict children, misled consumers about their safety, and improperly collected children’s personal data, court papers show.
Meta shares were down 0.4% in early trading.
COMMENTS:
CAROLINA ROSSINI, A PROFESSOR AT THE UNIVERSITY OF MASSACHUSETTS, AMHERST “The settlement amount
