Meta’s $17 billion child-safety settlement is the biggest tech payout ever—or 3x what it paid to acquihire a 28-year-old AI superstar
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Meta Platforms agreed Wednesday to pay up to $17.1 billion to settle a landmark lawsuit brought by 29 states alleging the company deliberately engineered Facebook and Instagram to be addictive to children, marking the largest single settlement in the company’s history and the biggest tech-industry payout ever recorded in a single case.
To put it in perspective, the $17.1 billion number is a little more than three times the roughly $5 billion personal stake that Alexandr Wang held in Sc
To put it in perspective, the $17.1 billion number is a little more than three times the roughly $5 billion personal stake that Alexandr Wang held in Sc
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