Meta Agrees to $16.7 Billion Settlement in Social Media Case

Meta Platforms has reached a $16.7 billion settlement in a high-profile case concerning harm caused to teens through its social media platforms. The settlement amount is significantly lower than Meta's worst-case scenario estimate of $1.4 trillion, which represented the maximum potential penalties if all accusations had been upheld at their severest levels. Ed Ludlow reports on "Bloomberg Open Interest." (Source: Bloomberg)

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