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Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report
Benzinga23d agobearish
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report

Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to

Parent of teen who died by suicide 'satisfied' with Meta settlement
Reuters Videos23d agoneutralVIDEO
Parent of teen who died by suicide 'satisfied' with Meta settlement

<body><p>STORY: :: Parent of teen says 'very pleased' with Meta settlements on child safety</p><p>:: Oakland, California / August 26, 2026</p><p>:: Victoria Hinks, Daughter died by suicide at age 16</p><p>“No amount of money is ever going to bring my beautiful daughter back. I miss her every day. It's the first thing I think of when I wake up. Last thing I think of, she should be going off to college. She would have graduated from high school. We live local, we live in Marin. She would have graduated from Redwood High School. She should be going off to college. Instead, I visit her every day in the cemetery in back of our house.” // "Mark Zuckerberg does not want to go up against and see all the information that they have. So, I'm very pleased. There's lots of lawsuits coming for these companies. Lots of parents, and yeah, I am satisfied. I feel like there's, like justice is possible. So yeah.”</p><p>The settlements announced on Wednesday end a federal trial that had been one of the highest-profile tests of allegations that social media companies harm children.</p><p>While Meta will not undergo a fundamental overhaul, the accords represent a sweeping effort to define how it serves young users.</p><p>Meta agreed for the next decade to restrict teenagers' use of Facebook and Instagram to two hours a day and block all usage from midnight to 6 a.m., absent parental consent.</p><p>These limits could be tightened if other social media companies adopt similar terms. Meta will also enhance measures to prevent children from accessing age-restricted content.</p><p>The settlement does not require Meta, which denied wrongdoing in agreeing to settle, to abandon personalized recommendations or targeted advertising. The total payout represents about three to four months of profit for the Menlo Park, California-based company.</p></body>

Anthropic Says Its Market Is $30 Trillion, Same As US GDP
24/7 Wall St.24d agoneutral
Anthropic Says Its Market Is $30 Trillion, Same As US GDP

Anthropic is pitching investors a revenue number so large it strains belief, but buried beneath the headline figure lies a tangle of risks involving overbuilt data centers, geopolitical threats, and an AI economy that could ultimately devour the very consumers it depends on.

Stocks to Watch: Nvidia, Intuit, Meta
The Wall Street Journal24d agoneutral
Stocks to Watch: Nvidia, Intuit, Meta

↘️ Intuit (INTU): The company, known for its tax-preparation and accounting software, forecast slower sales growth in the year ahead as it navigates declines in its desktop business. Shares dropped more than 11% premarket.

Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report
Benzinga24d agobearish
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report

Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to

Meta Fights FTC Bid To Revive Monopoly Charges
MediaPost28d agoneutral
Meta Fights FTC Bid To Revive Monopoly Charges

"Content posted by friends has become a small fraction of the content that users see on Facebook and Instagram -- less than 15% of posts in Facebook's news feed and 5% on Instagram's feed," Meta tells a federal appellate court.

Meta’s Trial Puts Big Tech’s Duty of Care Under the Microscope
The Wall Street Journal31d agoneutral
Meta’s Trial Puts Big Tech’s Duty of Care Under the Microscope

A federal trial against Meta Platforms is putting the company’s approach to child safety and data practices under scrutiny, as plaintiffs argue that its platforms were designed in ways that harmed young users. The case is one of the most significant tests yet of how courts and regulators evaluate responsibility for the design of large consumer platforms. For cybersecurity and privacy leaders, the case highlights how data governance risks are evolving.

Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.
24/7 Wall St.33d agoneutral
Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.

Opening arguments in a landmark youth-safety trial against Meta Platforms (NASDAQ:META) begin Tuesday, August 18, 2026, in federal court in Oakland before Judge Yvonne Gonzalez Rogers, capping a consolidated action brought by 29 state attorneys general originally filed in 2023. Meta said the states are seeking as much as $1.4 trillion in penalties, a demand ... Meta’s Lawyers Say A Loss Could Cost $1.4 Trillion. Trial That Could Determine The Future Of Zuckerberg’s AI Ambitions Is Underway.

Why Is Tether Looking Like a Central Bank?
Barrons.com35d agoneutral
Why Is Tether Looking Like a Central Bank?

Gold recent rally is mostly due to five big buyers: four central banks and Tether, a company that deals in cryptocurrency. Tether is buying for the very reasons that central banks are—to diversify its holdings and hedge against inflation and significant dollar weakness, which Tether’s crypto stablecoin USDT is pegged to. In the first half, Tether bought more than 27 metric tons of gold—matching Kazakhstan.