How Meta will pull off massive changes to its social media apps
Meta has reached a settlement with multiple U.S. states to implement significant safety changes for teen users on its platforms. These changes include time limits, notification muting, and new age-verification models to address mental health concerns.
Why it matters
This settlement represents a major regulatory shift in how social media giants manage teen safety and data privacy.
Meta 's landmark settlement in its child safety trial will precipitate the most significant change to its social media platforms for teen users ever.
The social media giant's settlement with more than 40 states plus the District of Columbia and multiple territories, includes up to $17 billion in payments over 10 years, changes to the apps for teens and stricter age assurances. "It's the highest amount of money ever paid in a case like this," California Attorney General Rob Bonta, who led the trial, told CNBC in an interview after the settlement. "And $17 billion can do a lot of good to prevent and remediate mental health harms for kids."
Perhaps even more meaningful for Meta, which generated $201 billion in revenue last year, it must implement a range of product changes for users ages 13-17.
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