"Meta is seeking to ensure its competitors will face the same rules," one business professor told CNBC after Meta called on rivals to protect children online.

Meta has agreed to pay up to $18 billion and add stronger child-safety measures to its Facebook and Instagram platforms as part of a landmark legal settlement. The deal announced…

The deal was reached during a California federal court trial over claims brought by 29 states, averting one of the highest-profile tests yet of allegations that social media…