Meta Platforms agreed to pay a maximum $16.68 billion and make major changes ​to Facebook and Instagram to resolve claims by states across the U.S. that the company designed those platforms to addict children, ‌misled consumers about their safety and improperly collected children’s personal data. The settlement resolves claims brought by 29 U.S. states, and will end a federal trial that had been one of the highest-profile tests yet of allegations that social media companies harmed young users. Meta will impose daily usage limits and restrict nighttime usage by children ​who use Facebook and Instagram, and enhance measures to prevent children from accessing age-restricted content. The Menlo Park, California-based company denied ​wrongdoing in agreeing to settle. Wednesday’s settlement also resolves lawsuits by California, Illinois, New Mexico and Washington, D.C., over ⁠privacy claims related to the Cambridge Analytica scandal, where the consulting firm collected personal data of millions of Facebook users. Those states ​will receive $459.3 million to resolve those lawsuits.

Full report : Meta agrees to pay up to $16.68 billion to settle US states’ claims that it designed Facebook and Instagram to addict children, misled consumers, and more.