Meta agreed to pay a coalition of US states as much as $16.7 billion and to impose sweeping new limits on how teenagers use Facebook and Instagram.
In a landmark development, Meta reached a proposed settlement Wednesday with U.S. states over claims that it designed Facebook and Instagram to hook children.
Here are the main terms, which require a judge's approval to take effect.
The money
Meta would pay in 10 annual installments totaling about $11.7 billion, with a further $5 billion payable only if rival platforms sign comparable agreements—a maximum of $16.7 billion.
