Meta has settled, agreeing to pay a total of $16.7 billion as part of an agreement reached with various U.S. states. The deal was finalized during the second week of the trial taking place at the federal court in Oakland.
According to Bloomberg, Meta chose to accept new regulations rather than risk a ruling that could have significant consequences for the company.
The settlement is part of a legal action focused on social media addiction, a topic that has sparked widespread debate on health and regulation.
We would like to count which pages are read — with our own statistics on our own server in Frankfurt am Main. No cookies are set for that and nothing is stored on your device. We ask nevertheless before we count. Without your consent the site remains fully usable — nothing is missing.