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Meta Just Removed a Major Risk From Its Stock. Now AI Spending Is the $145 Billion Question.

Meta's $18 billion youth-safety settlement removes a major overhang. Now investors can focus on whether its massive AI spending will generate enough returns to justify the cost.

Barchart · Aug 27

Meta Agrees to Pay Up to $17.1 Billion and Make Major Instagram, Facebook Changes for Teens

Parents could soon see some of the biggest changes yet to how children and teenagers use Instagram and Facebook. California Attorney General Rob Bonta and a bipartisan coalition of 51 attorneys general have announced a proposed settlement with Meta Platforms that calls for up to $17.1 billion in payments and…

Clever Dude · Aug 27

An $18bn settlement is a drop in the ocean for Meta – but the tide will still come for it

This week’s settlement without liability was pragmatic, but it doesn’t change the inevitability of further lawsuits around the world, says technology writer Chris Stokel-Walker

The Guardian - UK · Aug 27

Meta's social media settlement leaves its money machine unscathed

While the headline figure is among the largest ever settlements paid by a technology company, it is unlikely to strain a business that earned more than $60 billion last year. The settlement left untouched the personalised feeds and ad targeting that underpin its profits.

The Economic Times · Aug 27

UK expects Meta to match US child safety measures after $18bn settlement

Minister calls for Instagram owner to extend sweeping new safeguards for young users to Britain

The Guardian - UK · Aug 27

UK 'expects same social media protections as US' after Meta agrees $18bn settlement

THE tech giant Meta – which owns Facebook, Instagram, and WhatsApp – has agreed to pay up to $18 billion (£13.3bn) and introduce major new…

The National (Scotland) · Aug 27

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

Also: All the news and watercooler chat from Fortune.

Fortune · Aug 27

A Smile Is Not a Crime: Brittany Romano Hits Back After Vanity Fair Drops Her Over Courtroom Behaviour

Freelance journalist Brittany Romano hit back at criticism after Vanity Fair dropped her planned essay following viral footage of her smiling during the Lindsay Clancy's murder trial.

International Business Times UK · Aug 27

Dolly Parton’s co-star Ricky Schroder sparks outrage over ‘tone deaf’ tribute

Schroder played Parton’s father, Robert Lee Patton, in the TV movie ‘Dolly Parton’s Coat of Many Colors’ and its sequel

The Independent UK · Aug 27

Meta’s $17.1 billion settlement puts Instagram and Facebook on a digital bedtime

Meta has agreed to pay up to $17.1 billion to settle a multistate lawsuit alleging Facebook and Instagram were designed to hook children, while introducing stricter controls for U.S. teenagers, including screen-time limits, overnight restrictions, reduced notifications, stronger parental controls and non-personalised feeds, according to ToI correspondent Chidanand Rajghatta’s report.

The Economic Times · Aug 27