Meta settles social media addiction suit with states for up to $17.1 billion

TL;DR

Meta, owner of Facebook and Instagram, settled a social media addiction lawsuit with 47 states for up to $17.1 billion.
The settlement includes new child-safety measures such as daily time limits, nighttime restrictions, and muted notifications for teens.
States accused Meta of designing addictive platforms and misleading the public about risks, also alleging COPPA violations.
Meta will pay at least $12.1 billion over 10 years, with an additional $5 billion contingent on other social media companies settling.
The settlement mandates changes to age verification, parental controls, and social-comparison features like 'like' counts.
New York Attorney General Letitia James stated the settlement provides resources for mental health services and public education on social media harm.

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