Parts of the settlement hinge on whether those three companies, referred to as "Core Industry Members" in a legal filing, take similar action.It's "the right path forward for our whole industry, but this framework will only work if all our peers join us," Meta Chief Legal Officer C.J. Mahoney said in a statement.California led a coalition of states that accused Meta of designing Instagram and Facebook to hook minors, harvest their data and deceive the public.California and New York are leading a separate lawsuit against TikTok."We've definitely had communications with TikTok around our lawsuit and what we're seeking," California Attorney General Rob Bonta said Wednesday on a call with reporters, adding that states also have been in talks with other companies in the industry.Hawaii Attorney General Anne Lopez called for industry-wide changes as well."I hope that Snapchat, TikTok and YouTube will read the writing on the wall and enter into similar settlements," Lopez said in a statement.It's unclear exactly how the settlement will be implemented, or how far-reaching it will be, but Bonta said he expected it to be implemented "over the coming months." If Meta violates the terms, "we will be able to hold them in contempt of court," Bonta said.'Sets a precedent'