Here’s what Meta’s $18 billion multistate settlement could mean for kids — and for its bottom line
And Meta will pay out the $18 billion settlement in annual tranches over ten years, which will go toward state youth mental health and online safety training programs.
New York — Meta on Wednesday agreed to make sweeping changes to its platforms as part of an $18 billion settlement with dozens of states over claims its platforms contributed to a youth mental health crisis.
Meta has also said it will pay out only 70% of the settlement unless TikTok and YouTube agree to pay around $6 billion each and make similar changes.
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