Meta agrees to payments of up to USD 18 billion under US teen safety settlement
New Delhi [India], August 26 (ANI): Meta has agreed to payments of up to approximately USD 18 billion under a proposed settlement with a bipartisan group of US attorneys general over concerns around the impact of Facebook and Instagram on children and teenagers, the company said on Wednesday.
Meta said about 70 per cent of the allocated payment, or approximately USD 12.7 billion, will be distributed to participating states and jurisdictions in annual instalments over a 10-year period.
