Micron elevates two executives. Plus, what the Meta settlement means for its top line

Australia and other countries are implementing regulations to restrict children's access to social media. Meta agreed to pay $18 billion to resolve U.S. claims about harm to young users. Companies like Alphabet, Meta, Apple, and Google may face penalties or need to implement age verification.

Oregon will receive $125M from Meta as part of a $725M settlement with 47 states over allegations of social-media addiction among children. Meta will implement stricter child-safety measures on Facebook and Instagram, including time limits and notification controls. Oregon's share could increase to $180M if other platforms like TikTok adopt similar changes. The settlement will be paid over 10 years.

Nebraska AG Hilgers announced a $17.1 billion settlement with Meta, the largest state consumer protection settlement in history. The deal includes protections for children on Facebook and Instagram, such as daily time limits and restricted access during school hours. Nebraska will receive $201 million, with an additional $5 million for claims related to the 2016 election. The funds may support the AG's Consumer Protection Bureau, pending legislative approval.

Meta agreed to pay up to $17 billion and implement changes to its platforms to resolve a case involving children's social media addiction. California will receive up to $2.1 billion if approved. The settlement includes daily time limits for teens and restrictions on likes and notifications for underage users.

Meta settled youth social media addiction claims for $18B, according to Jim Cramer. He called it a 'big win' but criticized the stock's reaction, noting potential fines could have been $200B. Meta's stock fluctuated post-announcement. The settlement includes safety features for kids and financial incentives for YouTube and TikTok to adopt similar measures. Cramer suggested Meta might need an equity offering to fund the settlement and AI spending, but a cloud business could boost confidence.

North Carolina officials announced a settlement with Meta, resolving a lawsuit alleging its platforms were designed to addict young users. The agreement requires Meta to implement changes like default time limits, notification blocks, and content reporting mechanisms for under-18 users. According to officials, the settlement aims to reduce teen addiction and enhance safety.