Meta has agreed to a proposed settlement worth up to roughly $18 billion with 52 state attorneys general over claims that Facebook and Instagram were designed to hook young users and mislead the public about the risks. The deal, still awaiting court approval, stems from a 2023 lawsuit accusing Meta of fostering compulsive teen use and unlawfully collecting data from children under 13 in violation of COPPA and California consumer protection laws.
bleepingcomputer.com
· 2026-08-26
Meta has reached a settlement with attorneys general from 29 states, ending litigation that covered claims from 47 states and several territories over harms to young users. The company agreed to build an independently tested age-verification system, let teens disable personalized feeds, cap daily app usage at two hours, and pause notifications overnight and during school hours. Meta will pay $17.1 billion over a decade, with $5.3 billion contingent on YouTube and TikTok adopting similar time limits and matching payments.
theverge.com
· 2026-08-26
Meta Platforms faces a federal trial in Oakland brought by 29 state attorneys general over allegations it designed addictive features harming children, a case that could drag on for years and result in massive damages. Despite the stock falling 26% in 2026 amid this litigation and AI spending worries, Jim Cramer and Bank of America argue the selloff is overdone. BofA reiterated its buy rating and $810 price target, citing Meta's AI infrastructure buildout and a valuation of about 16 times 2027 earnings estimates.
cnbc.com
· 2026-08-24
Local officials overseeing data center projects in Marshall, Michigan, Salix, Iowa, and Box Elder County, Utah, have reported credible death threats and safety concerns tied to their votes. Marshall's council faced threats after passing a building moratorium, Salix's leaders were threatened over a land annexation for a possible Google site, and a Utah commissioner now has police stationed at his home. NBC News reports this pattern is spreading nationally, with officials targeted regardless of how they vote on data center proposals.
tomshardware.com
· 2026-08-23
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