How to Lose $12 Billion and Still Win

TL;DR

Meta settles a lawsuit for $12 billion, avoiding admission of guilt.
The settlement requires design changes to protect minors on Instagram and Facebook.
Teen users will face default restrictions on nighttime access, notifications during school hours, and daily usage limits.
Features like like counts and cosmetic filters will be hidden by default for teens.
Meta must undergo regular audits of age-verification and account-prevention systems.
The company is promoting the changes and encouraging other platforms to follow suit.
The settlement may set a precedent for the industry's responsibility in addressing youth mental health concerns.

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