Meta Settles Lawsuit Over Children's Safety Concerns Amid Data Monetization
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The lawsuit that Meta settled this week was brought by a bipartisan coalition of state attorneys general, who argued that Meta endangered children and teens with its social media apps like Instagram and Facebook. As part of the settlement, the company agreed to make substantial changes to its products in addition to paying billions of dollars in penalties.
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BBC BusinessThis 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.
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.
FortuneMeta has agreed to pay up to US$17 billion over 10 years to settle claims brought by a bipartisan coalition of state attorneys general. The states argued that the company deliberately designed Facebook and Instagram to hook children into using its apps, misled the public about the harm and improperly collected data from children under 13.
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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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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.
5 details only one outlet reported
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01 Fortune Despite building an increasingly screen-focused world, tech billionaires and executives are keeping their own children away from the tech they helped create.
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02 CNBC Silicon Valley's technology leaders have long dreamed of making the world a better place. But now more than ever, Americans say they're living in a tech-induced nightmare.
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03 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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04 Washington Times Business The social media platform X said it uncovered a Chinese influence operation to turn Americans against AI development and construction of data centers.
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05 New York Post Business “We want to ensure teens benefit from this new industry standard, but we cannot do it alone. These protections will only be truly effective if we work with our peers — TikTok and YouTube — to put the same measures in place,” the open letter from Meta, which is helmed by Mark Zuckerberg, read.
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