Meta and US states settle claims that platforms harmed children, Meta will pay $16.7 billion to 29 states
Part of an agreement today, just before jury selection was set to begin in the trial.
Meta Platforms, Inc. (META) 592.07 +22.02 (+3.86%) pre-market
Reuters report today that he META contemplating eliminating 60% of Meta’s workforce this year.
The accusation was that the company designed Instagram and Facebook to addict children, misled consumers about their safety, and improperly collected personal data of kids.