Source: Jonathan Turley
by Jonathan Turley
“It is not every day that a company can settle a case for over $16 billion and celebrate. However, Meta’s settlement with 29 states is a remarkably good deal for a company facing a demand of over $1.4 trillion and years of litigation. In the end, it may not even take a loss from the litigation. The settlement ends the latest mass liability case, following similar settlements in tobacco, opiates, and other products. It will require Meta to make changes to its platform, though the company already appeared to be moving to make such changes. The maximum payment of closer to $17 billion is tied to whether competing platforms (like TikTok and YouTube) adopt parallel protections for children. Otherwise, the company is on the hook for at least $12.1 billion over 10 years under the agreement.” (08/27/26)
https://jonathanturley.org/2026/08/27/monopoly-money-why-meta-likes-the-16-billion-settlement/