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US Court Orders Meta to Pay Nearly $1bn Penalty for Social Media Harm to Children

Financial Times Law•
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Summary

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  • A New Mexico judge has ordered Meta to pay nearly $1 billion in penalties for social media harm to children.
  • This ruling stems from a lawsuit filed by the state attorney-general in 2023, highlighting serious concerns over the impact of social media on youth.
  • The decision marks a significant legal precedent regarding accountability for tech companies in protecting minors online.
  • Legal experts suggest this case could influence future regulations and lawsuits against social media platforms nationwide.

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