Tag: settlement
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Analysis:Meta’s social media settlement leaves its money machine unscathed
Aug 27 : Meta Platforms emerged from its biggest legal challenge in the U.S. with its core business intact.The social media giant agreed on Wednesday to pay as much as $18 billion over a decade and limit how teenagers use Facebook and Instagram under a sweeping agreement with nearly all U.S. states to resolve
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Meta reaches settlement over social media case
Aug 26 : Meta Platforms agreed to pay a maximum $16.68 billion and make major changes to Facebook and Instagram to resolve claims by states across the U.S. that the company designed those platforms to addict children, misled consumers about their safety, and improperly collected children’s personal data, court paper
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Meta settles in US states lawsuit on teen user addiction
Meta has agreed to pay what could amount to billions of dollars and to implement platform usage limitations on young users in a lawsuit brought by US states. The challenge revolved around addiction issues and overuse.
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Meta reaches $16.68 billion settlement over social media case
Aug 26 : Meta Platforms agreed to pay a maximum $16.68 billion as part of a settlement to resolve claims brought by states across the United States that the company designed Facebook and Instagram to addict children, misled consumers about their safety, and improperly collected personal data of children who used its
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California AG says no settlement talks scheduled with Paramount
LOS ANGELES Aug 25 : California Attorney General Rob Bonta said on Tuesday there are no settlement talks scheduled with Paramount Skydance to resolve the antitrust suit seeking to block the studio’s proposed $110 billion acquisition of Warner Bros Discovery.Bonta said he canceled a scheduled Monday meeting af
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Japan eyes blockchain for instant stock, government bond settlement, Nikkei reports
Aug 26 : Japan is preparing to set up a payment infrastructure to enable instantaneous settlement of transactions in stocks and Japanese government bonds using blockchain technology, the Nikkei newspaper reported on Wednesday.The Financial Services Agency, the Ministry of Finance, the Bank of Japan and financ
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TikTok to pay US$400 million settlement in US children’s privacy case
Under the settlement, TikTok will pay US$300 million immediately and an additional US$100 million upon entry of an order vacating a prior consent decree entered with the Federal Trade Commission in 2019 against TikTok’s predecessor, Musical.ly.
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How Israel is expanding settlements in drive to reshape West Bank
There has been a significant expansion of building and road construction on Palestinian land occupied by Israel in recent years.
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Israeli settlers return to Kadim in West Bank two decades after it was evacuated
Thirty “pioneer families” have arrived on a wave of nationalism driven by Israel’s government, but the rapid change has left nearby Palestinian residents fearful.
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UK’s Bloomsbury among beneficiaries of $1.5 billion Anthropic copyright lawsuit settlement
(Corrects day to Wednesday from Tuesday in paragraph 1)July 22 : Britain’s Bloomsbury Publishing confirmed on Wednesday it was among the beneficiaries of a landmark $1.5 billion settlement that resolves claims artificial intelligence company Anthropic used copyrighted books to train its AI models without pu
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