Meta company headlines, earnings, strategy, leadership, and market-moving business updates.
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As part of a settlement tied to child-safety concerns, Meta says it will introduce stricter controls for teens, including a daily two-hour time limit on access to its apps that parents can override.
THE APEX TIMES
THE APEX TIMES
The proposed settlement would resolve allegations brought by 29 US states over claims that Instagram and Facebook harmed children and misled users about safety. Meta did not disclose key settlement mechanics in the posting that reported the deal.
THE APEX TIMES
A roundup of midday market items highlighted a proposed settlement involving Meta and states over teen harm allegations, alongside Victory Capital’s plan to buy First Eagle for $7 billion.
THE APEX TIMES
Meta Platforms’ stock climbed as trading reacted to a report that the company reached an $18 billion settlement tied to a trial alleging harm to children through its platforms.
THE APEX TIMES
The company reached an agreement with 29 state attorneys general over claims that Meta intentionally designed addictive social media features that harmed young people’s mental health.
THE APEX TIMES
A coalition of US states says a court filing sets terms that include major changes to how Meta’s Facebook and Instagram products are used by teenagers.
THE APEX TIMES
After Meta reached a settlement tied to one of the biggest state attorney general cases in tech, the shares barely moved. Jim Cramer suggested the market had already branded the stock as a “hated” name, limiting what investors were willing to buy on incremental legal progress.
THE APEX TIMES
The company agreed to pay up to $18 billion as part of a settlement framework aimed at resolving claims brought by U.S. attorneys general in a case focused on alleged harms to young social media users.
THE APEX TIMES
The proposed deal, reached during litigation, would resolve claims that Meta designed Facebook and Instagram to be addictive for minors and collected personal data from children without parental consent.
