Additional link from another source
https://www.politico.com/news/2026/08/26/meta-kids-safety-features-settlement-01050418
Where does this money go? To lawyers? Government? Won’t be going to the public
How about 45% Market Value?
So they are going to stop… right!?
Pump those numbers up, those are rookie numbers!
To be paid out over 10 years, across almost every state. Just drops in an ocean.
Cost of doing business. Legal for a fee. Etc etc.
Another fucking slap on the wrist. “The payment will be distributed in annual instalments over a 10-year period.” It’s literally a rounding error for them. I assume this is the same lawsuit as the teen addiction one, where the states had asked for $1.4T in damages - in which case this would amount to literally 1% of the request and add insult to injury.
It’s about 2% of their annual net revenue per year for ten years. Hardly much of a punishment.
I’m not a big fan of Steve Bannon, but I think what he said about political power is among the truest things ever said about modern politics. These big corporations, they’re not so tough. The big law firms? They’re not so tough. But the state can be tough. They’re all gutless cowards at the end of the day that would crumble if even a fraction of the power available was displayed. If one truly takes power and exercises it, that would become apparent. Trying to play nice gets you nothing but lip service and pocket change.
My brain glitched and I had Steve Ballmer in mind (which I’m not a fan of either). Didn’t really sound like him, confused me.
Also they’re paying this money to the states, that’s not going to any actual victims. As a corporation in America, you could literally go out and physically hurt a bunch of individual people, then the punishment is a payoff going to the state. Literally indistinguishable from just paying the justice system up front to look the other way.
There are plenty of people filing individual cases as well alleging liability under product liability law.
The sheer volume of those cases could possibly cause major financial issues for the company even if each one costs only a relatively small amount.
The short, general summary of these cases is that under US consumer protection law, the maker of a product is strictly liable for injuries and damages caused by the defective design of that product. An example in ordinary circumstances is that a farmer who uses an herbicide that contains a toxic chemical, and then later develops cancer as a result of exposure to that chemical, can claim compensation from the manufacturer under product liability law. This is what drove the chemical company Monsanto (maker of Roundup) into bankruptcy facing billions in product liability claims.
So a teenager who uses Facebook and then develops mental disorders as a result of that use, has a personal injury claim against Meta.
Even if each individual case is only worth around $20,000 to $50,000, Facebook has hundreds of millions of users in the US, of which possibly hundreds of thousands of people could have a valid claim under this legal theory. And many people could claim a great deal more in compensation. If a person uses Facebook, becomes addicted, gets depression as a result, and then commits suicide, that is potentially a wrongful death claim worth hundreds of thousands to millions of dollars.
Ambulance chasers to the rescue!
It’s a start.
Like all anti-corporate settlements, it is ridiculously favorable to the abuser.
It is now “official” that meta harms children and yet hundreds of people keep upvoting meta content here on lemmy
“up to” over 10 years, which means they’ll pay 1.8B this year, a massive 3% of annual income, for now and find a way to get out of this before the decade is up
And no user will see a nickel
Where does the money go? Tax revenue? Is that how we’re making the rich pay their share? I didn’t violate any laws, but I still pay taxes and they should too — for the same reasons.
35% to the lawyers
15% to court, state, lawyer administrative costs
40% to Governor’s cousin’s LLC established since last Tuesday specializing in child online safety issues according to their website which goes on to read “would you like me to create promotional flyers and other materials in addition to the website”?
15% nobody can trace where it went - but did you know BOYS are playing GIRL sports?!
25% to a program that passively encourages risky online behavior
20% to pro-business tax breaks
That’s right taxpayer, you’re gonna need to chip in for the extra 50%.
Lawyers take their cut off the top.
I think you mean lawyers takes the entire cake, and leave the crumbs for the rest.
Cost of doing business
That’s too expensive for my taste. Is there a cheaper subscription option to abuse children?
The tech company will pay a maximum of $16.68bn (£12.26bn), according to court documents.
Meta denied wrongdoing in agreeing to settle.
Ok, buddy.
Cost of doing business… if they aren’t going to own up and make changes to prevent it in the future, what’s the point?
Yeah, paying to make their problem go away rather than going to the end of trial and getting a bigger fine and more pesky regulation.
Meta maintained throughout the brief trial that it had worked extensively over the years to make its platforms safer for its youngest users, pouring resources into testing and research, and building new features.
No, you’ve made it a pain in the ass process to delete a facebook account. I’ve counted, you have to go through almost 5 prompts to finally delete an account. It’s simpler on mobile, by about 2 extra steps shorter, but that indicates that no, you did not work extensively to make it safe if you can’t make deleting easier.
