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Retro, a friend-focused photo-sharing app founded by former Instagram engineers Nathan Sharp and Ryan Olson, closed a Series A round of more than $21 million in December, according to an SEC filing spotted by Business Insider. The filing was made under the startup's legal name, Lone Palm Labs, and Pitchbook now pegs the company's valuation above $100 million.
Meta announced new restrictions for users under 18 on Instagram and Facebook, including a default 2-hour daily time limit, a night mode blocking content from midnight to 6 a.m., and a school mode muting notifications during class hours. The changes come as part of a settlement in an $18 billion lawsuit, though Meta denies any wrongdoing and did not admit liability.
Meta has agreed to pay up to $18 billion to US states and roll out new safety features for teen users of Facebook and Instagram, resolving litigation over the platforms' impact on youth mental health. Coming changes include a two-hour daily usage cap for under-18s and a block on access between midnight and 6 a.m., with some restrictions removable only by a parent or guardian. The settlement applies only within the United States.
Meta reached a settlement with attorneys general from 48 states and four US jurisdictions over teen safety practices on Facebook and Instagram, agreeing to pay up to $18 billion and implement stricter age verification, notification limits, and screentime caps for minors. Notably, roughly $5.3 billion of that payment is contingent on TikTok and YouTube adopting comparable restrictions, a structure Meta explicitly encouraged in a public letter to its rivals.
Meta is rolling out new safety measures for Instagram and Facebook users under 18, including two-hour daily time limits, nighttime blocks, and algorithm-free feed options, as part of a settlement with dozens of US states over child safety and addiction claims. However, these protections currently apply only in the US, with Meta saying it will keep talking to other governments about expanding them.
Meta has settled a lawsuit brought by attorneys general from 29 US states over allegations it built systems exploiting minors' data while downplaying known harms to young users. The company will pay roughly $18 billion over ten years and adopt new restrictions including a two-hour daily usage cap for minors, nighttime access blocks, school-hours limits, tougher age verification, and curbs on social comparison features.
Meta has agreed in the US to add safety features for children on Facebook and Instagram, including overnight access restrictions, usage time limits, and prompts for young users spending long periods on the apps. This falls short of the UK's own approach, which includes an outright social media ban for under-16s starting in 2027 and additional curfews for 16 and 17-year-olds.
Meta has settled a lawsuit brought by attorneys general from nearly every US state accusing the company of designing Facebook and Instagram to be addictive to minors and misleading the public about platform safety. As part of the deal, Meta will pay $18 billion toward child online safety and youth mental health programs while rolling out new teen protections, including a two-hour daily usage cap and blocked access between midnight and 6 a.m.
Meta has reached an $18 billion settlement with attorneys general from 52 US states, territories and DC over claims it deliberately designed Instagram to be addictive to teenagers. As part of the deal, Meta will fund youth safety programs and roll out new default restrictions for under-18 users across Instagram and Facebook, including a combined two-hour daily time limit and a midnight-to-6am blackout period.
Meta agreed to pay $16.7 billion to resolve a consolidated lawsuit brought by 51 state attorneys general over allegations its platforms fostered social media addiction among young users. The deal came just over a week into trial, before CEO Mark Zuckerberg was expected to testify, and California AG Rob Bonta said it does not shield Meta from further legal exposure. Florida's attorney general called the sum too small for a company of Meta's size and said his state will continue pursuing its own separate lawsuit.
Meta has agreed to roll out new safety restrictions for teen accounts on Instagram and Facebook within six months, as part of an $18 billion settlement reached with 48 states. The agreement follows scrutiny over how the platforms have handled minors' safety and mental health concerns.
Meta has agreed to an $18 billion settlement with 52 attorneys general representing 29 U.S. states over allegations it designed Instagram and Facebook to hook young users. The company admits no wrongdoing but commits to detailed platform changes for minors, with the payout spread across a decade, softening its financial impact given Meta's $200 billion-plus annual revenue.