Three of the biggest forces shaping technology stocks right now are regulation, artificial intelligence, and the enormous amounts of capital required to compete in AI. For Meta Platforms (META), the first of those just became much easier to quantify.
The company agreed Wednesday morning to a multistate settlement worth up to $18 billion over 10 years, resolving allegations that Facebook and Instagram harmed children, misled users about platform safety, and improperly collected data from children under 13.