Meta's $18 billion settlement won't be enough to escape its trust problem

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• In today’s CEO Daily: Meta settles its child-safety case—and tries to rewrite the narrative on its design choices
• The big leadership story: Nvidia forecasts 70% revenue growth for its next fiscal year
• The markets: A mixed bag across global markets—but Nvidia shares shoot up 7%
• Plus: All the news and watercooler chat from Fortune .

Good morning. Meta just settled a landmark child-safety case with a fine of up to $18 billion paid over the next decade, with annual payments equal to less than 1% of its 2025 revenue. Financially, that’s a victory for the parent of Facebook and Instagram, which said the 29-state lawsuit could have wiped out its entire market cap with penalties of up to $1.4 trillion. Meta doesn’t have to admit guilt and almost a third of the fine is contingent on competitors adopting similar measures.