How significant is Meta’s US$18 billion settlement? An expert weighs in

Meta Platforms will pay up to US$18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram, under an agreement with nearly all US states to resolve claims it designed those social media platforms to addict children. Experts say the accords could provide a template for resolving thousands of other lawsuits against social media companies. Ira Spitzer reports for CNA from Washington, while Carolina Rossini, University of Massachusetts Amherst’s director of public interest technology, tells CNA's Asia First why the settlement marks a significant shift in how social media platforms are held accountable for product design and why questions remain over whether Meta’s promised changes will actually reduce harm to young users. Read more: https://cna.asia/4y37SnQ Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia