Meta to Implement Stricter Restrictions on Social Media Platforms Following $18bn Settle-어
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This week, Meta announced new restrictions on its platforms - which include Instagram, Facebook and Whatsapp - as part of an $18bn (£13.25bn) settlement with US states in a lawsuit on social media's effects on children.
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Washington Times BusinessOAKLAND, Calif. — Meta has agreed to pay $17 billion and add child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 states, state attorneys general announced Wednesday.
CNBCIn a major case between Meta and 52 attorneys general across the U.S. alleging the social media giant knowingly designed products that were harmful and addictive to kids, the two sides settled on Wednesday, with the Facebook and Instagram parent company agreeing to pay about $17 billion. It's one of multiple trials related to alleged harms to young users that Meta has faced this year alone.
New York Post BusinessMeta has reached a landmark settlement imposing sweeping new restrictions on how teens use Facebook and Instagram — and it’s hoping other social media companies will follow suit with similar standards.
RealClearMarketsThe plaintiffs’ bar thanks you for scrolling. At least it should. Trial lawyers will be the biggest beneficiaries of Meta’s agreeing on Wednesday to pay as much as $18 billion to settle claims brought by 48 states and D.C. that Instagram and Facebook hurt children’s mental health. Read Full Article »
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Under the terms of the agreement, teens will be limited to two hours daily on Facebook and Instagram, combined, and be blocked from the platforms between midnight and 6 a.m., though messaging will still be available. Notifications will be silenced during school hours, and stronger age-detection systems will be implemented, along with certain default settings that restrict beauty filters and whether or not likes on a post are visible.
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CNBCA two-hour daily limit that's cumulative across Facebook and Instagram, which teens can only turn off with a parent's permission and which doesn't include messaging "Night mode," in which teens will not have access to features such as their feed, stories and reels between midnight and 6 a.m.
BBC BusinessThe company said it would set a daily two-hour time limit, hide the number of likes that a post receives, remove autoplay on videos, mute push notifications during school hours, and ban extreme make-up filters.
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"All platforms should empower parents and support teens in these ways because we know that when teens are restricted on one app, they simply move to another," Meta said.
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New York Post BusinessThe concern, of course, has been that if Meta is restricted while other platforms are not, teens will simply leave Instagram when their evening limit hits and move to another app.
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Meta shares popped 4% in premarket trading on news of the settlement, which was announced just days into a landmark trial in California federal court. Both Zuckerberg and Instagram chief Adam Mosseri had been set to testify. This is a developing story. Please check back for updates.
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BBC BusinessThe settlement was announced on Wednesday in the middle of a highly-anticipated trial, where Meta owner Mark Zuckerberg was expected to testify. The settlement did not include any admission of fault.
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The trial kicked off last week in Oakland, California, with U.S. District Judge Yvonne Gonzalez Rogers overseeing the proceedings. Adam Mosseri, the head of Instagram, began his testimony late Tuesday and defended Meta’s record and progress on child safety and privacy.
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There will be stronger and more user-friendly parental controls and limits on social comparison features such as “like” counts.
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BBC BusinessThese include time limits, warnings over screen time and more parental controls over their children's accounts.
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Instagram and Facebook's billions of users provide the company with a goldmine of data, and the data of adults can be used to sell ads.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 CNBC When it comes to a safer online experience for young users, many of the settlement's mandated features are promising, says Laura Edelson, an assistant professor of computer sciences at Northeastern University whose research has focused on social media safety.
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02 New York Post Business Interestingly, the settlement is structured to create incentives for the 52 state attorneys general to reach similar deals with rival social networks.
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03 Washington Times Business “While this is a landmark settlement, Congress still needs to step up and regulate Big Tech,” said Sen. Richard J. Durbin of Illinois, the top Democrat on the Judiciary Committee.
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04 BBC Business Published For Elizabeth Cardner, a mother of two girls in Houston, Texas, Meta's new limits on how teenagers can use its platforms are a welcome sign that more people are aware of social media's potential dangers.
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05 National Review Economy An Unsatisfactory Settlement What rules should govern our online digital lives? What rights do we have as digital citizens? The Meta settlement raises more questions than it answers.
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