Channel NewsAsia
AsiaPac · 1 hrs ago
Explainer-How could New Mexico's $567 million ruling change Meta?
Aug 7 : A New Mexico state court ordered Meta Platforms, owner of Facebook and Instagram, to make major changes to its platforms and pay the largest sum yet in a growing wave of U.S. litigation over claims that social media harms young people. Here is a look at the decision and its potential consequences.HOW MUCH MUST META PAY?The court in Santa Fe ruled on Thursday that Meta must pay $567 million into a New Mexico fund for teen mental health prevention and treatment. In an earlier phase of the case, a jury awarded New Mexico $375 million on related consumer protection claims.The combined $942 million far exceeds other penalties in youth-related social media cases including a $6 million verdict against Meta and Alphabet's Google, owner of YouTube, in a California case in March. Meta said t
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