Filing: Meta reaches a settlement to resolve 29 US states' claims under COPPA that it designed Instagram and Facebook to addict children and misled consumers (Reuters)

Meta agreed to pay up to $16.68 billion to settle 29 U.S. states’ claims that Facebook and Instagram were engineered to addict children and mislead consumers. The settlement requires daily time limits for teens, algorithmic feed controls, and an age-verification standard, with payments distributed over ten years based on state populations.