Meta’s $17.1 billion settlement will be over 12-times larger than the second largest big tech privacy settlement in the past four years

Meta agreed to pay up to $17.1 billion over the next decade to settle a landmark child-safety lawsuit brought about by 29 state Attorneys General, co-led by California’s Rob Bonta. The suit alleged Meta designed Instagram with intentionally addictive features and exposed younger users to serious mental harms while misleading the public about the platform’s safety. In addition to the payout, the social media company will make sweeping changes to its platform, including a default........

© Fortune