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Meta Settles 29-State Lawsuit, Agrees $18 Billion Limits

8/29/2026

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Story summary
  • Meta settled a 29-state lawsuit, agreeing to pay $18 billion and add platform limits.
  • The settlement imposes time limits on children’s Facebook and Instagram use and blocks night-time access.
  • Meta’s share price rose after the settlement announcement.
  • Former Facebook employee Arturo Béjar called the new limits “like allowing unlimited cigarettes in two hours.”
  • The European Commission issued a charge sheet alleging Meta’s infinite scroll fuels unhealthy, compulsive use.