META AGREES TO SETTLE SOCIAL MEDIA ADDICTION SUIT WITH STATES FOR UP TO $16 BILLION Meta Platforms, the owner of Facebook and Instagram, on Wednesday agreed to settle a wide-ranging social media addiction lawsuit with the state of California and a number of other states. A court filing indicates that Meta agreed to pay up to $16.68 billion to bring the case to an end. The filing also says that the company “denies the allegations against it and that it has any liability to the Plaintiffs,” which are a collection of 29 states. As part of the deal, “Meta commits to establishing daily limits and blocks on nighttime use for teenage users” as well as “enhanced age assurance measures to prevent children from accessing the platform, or age restricted content available on the platform,” the court filing also says. The settlement also requires the company to create “additional tools to help parents and guardians to protect their children online.” Full article: https://www.msn.com/en-us/news/other/meta-agrees-to-settle-social-media-addiction-suit-with-states-for-up-to-16-billion/ar-AA2aYegF?ocid=msedgntp&pc=HCTS&cvid=6a8ee980c01f42f1aedcfb259fd52be0&cvpid=fb3e4ffe64fa4cd0beb2172a6f21f280&ei=31(FXHedge)