Meta shares hit 5% intraday high after $16.68 billion settlement over alleged harm to young users
- Posted on August 26, 2026
- By Business News Today
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- 1 min read
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Meta shares hit 5% intraday high after $16.68 billion settlement over alleged harm to young users
Meta shares hit a 4.96% intraday high after the company agreed to pay up to $16.68 billion to settle claims that Facebook and Instagram harmed young users. The settlement covers claims by 29 US states and requires Meta to introduce usage limits and stronger safeguards for children on its platforms.
