Nokia621
According to court documents cited by Bloomberg, the company will pay around $16.7 billion to victims but does not confess to any wrongdoing as part of the agreement.
The agreement mandates the company to introduce new child safety protocols in its applications, such as restricting the duration minors can spend browsing their feeds. The standard limit will be two hours. Meta will additionally prevent kids from altering specific security settings without their parents' or guardians' approval, Bloomberg indicates.
Meta additionally released an open letter to rivals, such as TikTok and YouTube (which is owned by Alphabet Inc.), encouraging them to adopt comparable measures: "We want teenagers to benefit from this new industry standard, but we cannot accomplish it without assistance. These safeguards will be genuinely impactful if our counterparts, TikTok and YouTube, adopt comparable actions."
source: bloomberg.com
The agreement mandates the company to introduce new child safety protocols in its applications, such as restricting the duration minors can spend browsing their feeds. The standard limit will be two hours. Meta will additionally prevent kids from altering specific security settings without their parents' or guardians' approval, Bloomberg indicates.
Meta additionally released an open letter to rivals, such as TikTok and YouTube (which is owned by Alphabet Inc.), encouraging them to adopt comparable measures: "We want teenagers to benefit from this new industry standard, but we cannot accomplish it without assistance. These safeguards will be genuinely impactful if our counterparts, TikTok and YouTube, adopt comparable actions."
source: bloomberg.com
