Meta Reaches $18 Billion Settlement with 48 States

Featured Story

BY SRH

An enormous federal lawsuit concerning the effects of social media on adolescents came to a close when Meta Platforms settled for $18 billion with forty-eight state attorneys general, marking the beginning of a new age in which internet companies will be held legally accountable for the content they provide on their platforms, according to the Wall Street Journal.

Meta has agreed to make significant changes to its Facebook and Instagram services as part of the settlement. One of these adjustments is the implementation of a default two-hour time limit on the apps for users under the age of 18.

Don't Miss

Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis

By StevieRay Hansen

Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.”  Evans-Pritchard said the plunge…

Former Co-Head Of Investment Banking At Goldman Asia Banned For Life By The Fed

By StevieRay Hansen

Former Goldman Sachs partner Andrea Vella has been barred from the industry over his involvement in the Malaysian investment fund scandal known as 1Malaysia Development…

China Bloodbath: Stocks Crash; Oil, Iron Limit Down Despite Emergency PBOC Intervention, Rate Cuts

By StevieRay Hansen

 previewed on Friday and again earlier today when we noted the latest trades in China’s A50 futures… Read moreWells Fargo is the smallest of the four giants…

Coronavirus And The “Unsinkable” Titanic Analogy

By StevieRay Hansen

Unthinkable doesn’t mean unsinkable. Read moreBlain: “Central Banks Are No Longer A Solution – They Have Become The Risk”As we all know, the “unsinkable” Titanic…

Fed Policy And The Wuhan Coronavirus

By StevieRay Hansen

When all you have is a hammer, everything looks like a nail. Abe Maslow, the same fellow who developed the “hierarchy of needs” paradigm in human…

Posted in

Stevie Ray

Leave a Reply

Your email address will not be published. Required fields are marked *