Meta Shares Rise on $18 Billion Child-Safety Settlement with U.S. States
Source Summary
Meta Platforms closed at $576.14, up 1.07%, following settlement of a child-safety case with U.S. states. The company agreed to pay up to $18 billion and implement child-safety measures.
Why it matters
The settlement resolves a major legal liability for Meta and the company's agreement to implement child-safety measures addresses regulatory concerns about platform safety.
