Meta reaches $16.68 billion settlement over social media harms to children

Meta agreed to pay up to $16.68 billion to settle claims it designed Facebook and Instagram to addict kids and improperly collected children’s data.
The deal requires new teen protections nationwide, including daily usage limits and nighttime blocks on the apps.
Meta denies wrongdoing; the settlement ends a high-profile federal trial, and the news sent Meta shares up about 4.4% premarket.