Meta agrees to pay up to $18B to settle US states' claims that it designed Facebook and Instagram to addict children, misled consumers, and more (Reuters)

Meta Platforms will pay up to $18 billion to settle claims from 52 U.S. state and local attorneys general that it designed Facebook and Instagram to addict children and misled consumers. The agreement also requires Meta to impose strict limits on teenage use of its apps and to adopt new child-safety rules, though the company denies wrongdoing.