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Apple has scheduled its annual product launch for Sept. 9 at 10 a.m. PT in Cupertino, streamed live from the Steve Jobs Theater. The event is expected to introduce a new foldable iPhone alongside updated Pro and Pro Max models, new Apple Watches, and AirPods, with cheaper iPhone variants reportedly pushed to a spring release.
Meta has agreed to pay as much as $17.1 billion and change how Instagram and Facebook operate, settling claims from 47 states, D.C. and U.S. territories that its platforms were built to addict and harm children. About $12 billion is due upfront, with the rest contingent on Snap, TikTok and YouTube accepting similar penalties and reforms.
A California jury trial brought by a coalition of U.S. states accused Meta of knowingly allowing millions of underage users onto Instagram and Facebook while failing to act on internal warnings about addictive design. Court documents, including employee emails and internal research reaching CEO Mark Zuckerberg, described teens developing 'an addict's narrative' around usage. Rather than let the trial continue to a verdict, Meta agreed to a settlement worth up to $18bn before Instagram chief Adam Mosseri could resume testimony.
Jim Cramer said Meta's $18 billion settlement with attorneys general over youth social media addiction claims is a favorable outcome for the company, ending a federal trial that could have exposed Meta to $200 billion in fines. Under the deal with 48 states, D.C., and three territories, Meta agreed to daily time limits, better parental controls, age-verification tools, and fewer notifications during school hours for young users.
Meta has agreed to pay $17 billion and implement new child-safety measures on Facebook and Instagram to resolve a major legal fight over teen social media addiction. The deal, announced by state attorneys general, settles claims brought by 47 states and averts a continuation of the trial.
Apple has set a launch event for Sept. 9 at its Cupertino campus, inviting media with the tagline 'Surprise and shine.' The event is expected to unveil new iPhones and Apple Watches, including Apple's first foldable phone, alongside a fresh version of Siri built on large language model technology.
As part of an $18 billion settlement with 29 U.S. states over children's online safety, Meta agreed to major restrictions on how teens use Instagram and Facebook. The changes include a cumulative two-hour daily time limit across both apps, a default midnight-to-6 a.m. usage block, options for a non-algorithmic default feed, and usage-break prompts every 15 minutes, with most measures required to stay in place for a decade pending court approval.
Meta has reached a proposed settlement with dozens of states over allegations that it built Facebook and Instagram to be addictive to minors and improperly collected children's data. The deal, still pending court approval and involving no admission of wrongdoing, requires Meta to impose default two-hour daily time limits for under-18 users, overnight app blackouts, and periodic screen-time reminders, while paying up to $18 billion over a decade to fund youth online safety programs.
Meta has agreed to pay as much as $18bn over ten years to settle claims from 48 US states, the District of Columbia and three territories accusing it of designing Facebook and Instagram to hook young users while ignoring harm to their mental and physical health. As part of the deal, Meta must roll out new teen safety measures including school-hours access limits, night-time blocks, stronger parental controls and tighter age verification, while denying any wrongdoing.
Meta has agreed to pay roughly $18 billion over ten years to settle claims from 48 states, Washington DC and three US territories accusing it of designing Instagram and Facebook to hook young users while ignoring harm to their mental and physical health. Meta denies any wrongdoing but will adopt new safeguards including school-hour access limits, night-time blocks, stronger parental controls and tighter age verification for minors.
Meta settled a federal lawsuit brought by attorneys general from 51 US states and territories over claims it harmed young users, agreeing to pay as much as $16.7 billion and overhaul how teens use Instagram and Facebook. The deal came abruptly, just days into a federal trial that had threatened over $1 trillion in potential liability, and includes a default two-hour daily time limit for teens that requires parental approval to remove.
Meta reached a settlement with a coalition of state attorneys general, led by California, resolving claims that it downplayed mental health risks to children on Facebook and Instagram. Under the proposed consent judgment, Meta will pay $16.7 billion total, with California potentially receiving up to $2.1 billion, and must implement daily usage limits, nighttime blocks for teens, stronger age verification, and new parental control tools. Texas did not join the settlement, and both sides waived rights to appeal once the court approves it.