Only 3,300 more lawsuits to go, all filed by minors claiming that TikTok, Instagram, YouTube, and Snapchat were designed to be addictive, resulting in harm to their mental health. The plaintiffs’ claims against Meta, Google, and Snap are still on track for a bellwether trial in October. The first case to reach trial resulted in a $4.2 million verdict against Meta and $1.8 million against Google. [Link: TikTok settling three teen social media lawsuits ahead of trial | https://www.reuters.com/business/tiktok-settling-three-teen-social-media-lawsuits-ahead-trial-2026-08-03/ | Reuters]

The suit lands as Meta reports $2.4 billion in quarterly legal costs and a rare 14% profit decline. Pressure is mounting.

NEW YORK, Aug 3 : TikTok has agreed to settle three lawsuits brought by young people who accuse social media companies of designing their platforms to be addictive and harming…