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“Shares of Meta rose 4.4% in pre-market trading.”
by JumpCrisscross 2mo ago
“Shares of Meta rose 4.4% in pre-market trading.”
- scrumper 2mo agoA measure of the market's perception of the threat to Meta from these lawsuits. The uncertainty is over now, so the price goes back up. I'm interested in the settlement details - yes $16bn ok fine but any behavioral or structural changes? If it's just financial, nothing really changes... (EDIT: I see julianpye found some details in the WSJ, in another comment. There are some feature adjustments.)
- JumpCrisscross 2mo ago> the settlement details “Meta will initially pay about $12 billion. That sum increases to $17.1 billion if Snap, TikTok and YouTube also settle with the states and agree to financial penalties and product changes. … The settlement will effectively force Meta to make major product changes for all U.S. users. The company agreed to interrupt endless scrolling and to impose two-hour daily time limits on Instagram and Facebook. To avoid addictive use and sleep interruptions, the company will limit usage between midnight and 6 a.m. and silence notifications between 10 p.m. and 7 a.m. Meta will also limit features that psychologists link to negative social comparisons, such as beauty filters and a tallying of the ‘like’ button clicks. It will also strengthen age verification tools and parental controls” [1]. [1] https://www.nytimes.com/2026/08/26/technology/meta-settlement-social-media-addiction-lawsuit.html https://www.nytimes.com/2026/08/26/technology/meta-settlemen...
- smugma 2mo agoShort-lived. Down to flat now.