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

CBDCs Gain Momentum: 130 Countries Now On The Runway

By StevieRay Hansen

As digital currencies such as CBDCs begin to take a more pivotal role in the global economy, recent studies indicate an increase in their adoption…

Tragic Death of JPMorgan Board Member Adds to the Bank’s String of Unusual Deaths

By StevieRay Hansen

On Sunday, James S. Crown died in an unusual single-car accident, reportedly on a motorsport racetrack at a “member-owned country club” HNewsWire: Read moreSecond ex…

Money Lost To Crypto Ponzi Schemes In 2022 Surpasses Hacks And Exploits

By StevieRay Hansen

According to a new report by TRM, more money was lost to cryptocurrency Ponzi schemes and scams throughout 2022 than to hacks and exploits. In…

The Most Recent Accounting of the Financial Damages Incurred During What May Be One of the Largest Ever Frauds Is That the Defunct Crypto Exchange FTX Owes Customers $8.7 Billion, According to the Company’s Current Management

By StevieRay Hansen

Many people and businesses have lost significant sums of money as a result of the FTX cryptocurrency exchange’s collapse. Read more3/22/24: FTX Was Down to…

Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’

By StevieRay Hansen

Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in…

Posted in

Stevie Ray

Leave a Reply

Your email address will not be published.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