Meta ordered to allocate $420 million for teen therapy after $567 million penalty and $18 billion settlement
A New Mexico judge ordered Meta Platforms to allocate $420 million for teen counseling after imposing a $567 million penalty on 26 August, and the company also reached a settlement with 47 U. S. states that could provide up to $18 billion for comparable safeguards and treatment services, according to The Free Press. Earlier, Meta had agreed to multi-state settlements ranging from $17 billion to $18 billion, with some reports citing 52 states and others 47, and the deals included new parental-control features and a ten-year safety plan, as reported by CNBC and the Los Angeles Times.
European Commission officials, including Thierry Breton and Andreas Schwab, said the U. S. agreement should be matched by stronger child-safety rules under the Digital Services Act, according to Politico. eu.
