According to ChainCatcher, people familiar with the matter said Meta Platforms has discussed the possibility of reaching a settlement during trial with attorneys general from multiple U.S. states in a major case. The lawsuit alleges that Meta designed Facebook and Instagram in ways that make teenagers addicted. Meta is facing potential penalties of as much as $1.4 trillion in the case. The report did not disclose whether any agreement is close or when a settlement decision could be made.
According to ChainCatcher, people familiar with the matter said Meta Platforms has discussed the possibility of reaching a settlement during trial with attorneys general from multiple U.S. states in a major case.
The case alleges that Meta designed Facebook and Instagram to make teenagers addicted. Meta faces potential penalties of up to $1.4 trillion.
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