{"id":7738,"date":"2026-09-02T09:26:03","date_gmt":"2026-09-02T03:56:03","guid":{"rendered":"https:\/\/fintechnews.lk\/?p=7738"},"modified":"2026-09-02T09:29:01","modified_gmt":"2026-09-02T03:59:01","slug":"meta-to-pay-up-to-18bn-to-settle-claims-its-platforms-harm-children","status":"publish","type":"post","link":"https:\/\/fintechnews.lk\/index.php\/2026\/09\/02\/meta-to-pay-up-to-18bn-to-settle-claims-its-platforms-harm-children\/","title":{"rendered":"Meta to pay up to $18bn to settle claims its platforms harm children"},"content":{"rendered":"\n<p>Social media giant Meta has agreed to a $18bn (\u00a313.3bn) settlement with US states and territories to resolve claims that Facebook and Instagram harmed children.<\/p>\n\n\n\n<p>A California judge approved the settlement, which Meta must pay to 48 states, plus the District of Columbia and three US territories, marking the company&#8217;s largest payment over child safety litigation to date.<\/p>\n\n\n\n<p>Meta will also implement a host of changes aimed at better protecting kids online, which the&nbsp;<a href=\"https:\/\/www.bbc.com\/news\/articles\/clyqpx6xk69o\">states had demanded<\/a>, including default daily time limits and night-time blocks.<\/p>\n\n\n\n<p>&#8220;This is a major moment to clean up an industry that has been hurting our kids,&#8221; California Attorney General Rob Bonta said.<\/p>\n\n\n\n<p>Meta has denied any wrongdoing as part of the settlement and said on Wednesday that the payment it agreed to &#8220;will be distributed in annual instalments over a 10-year period&#8221;.<\/p>\n\n\n\n<p>Judge Yvonne Gonzalez Rogers approved the settlement, writing that it &#8220;reflects a fair, reasonable, comprehensive, and good faith approach not only to provide monetary relief, but importantly, to change conduct in a way that attempts to meaningfully address the negative impacts of the social media platforms at issue&#8221;.<br><br>Source: <strong>BBC <\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bbc.com\/news\/articles\/clyq4gxwe7go\"><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Meta&#8217;s $18bn settlement may hasten reckoning for social media on child safety<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Parent whose 16-year-old daughter died by suicide reacts to Meta settlement\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/bpD-HVuKZGA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption class=\"wp-element-caption\"><em><strong>Parent whose 16-year-old daughter died by suicide reacts to Meta settlement &#8211; The Guardian <\/strong><\/em><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social media giant Meta has agreed to a $18bn (\u00a313.3bn) settlement with US states and territories to resolve claims that Facebook and Instagram harmed children. A California judge approved the settlement, which Meta must pay to 48 states, plus the District of Columbia and three US territories, marking the company&#8217;s largest payment over child safety [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-7738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Social media giant Meta has agreed to a $18bn (\u00a313.3bn) settlement with US states and territories to resolve claims that Facebook and Instagram harmed children. 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