Meta Platforms, Inc. (NASDAQ:META)'s $18 billion settlement with a coalition of 29 state attorneys general over youth safety on Instagram and Facebook could clear the way for a wave of new AI product launches, Morgan Stanley analysts said, according to CNBC on September 2. The case, which went to trial in August in Oakland federal court, settled with Meta agreeing to platform changes for minors, including a two-hour daily use cap, blocking apps for children at night, removing certain cosmetic filters, and tighter age verification. Meta will pay roughly $12.7 billion over ten years regardless, with the remaining approximately $5.3 billion conditional on rivals YouTube and TikTok also settling and adopting similar youth-safety measures.
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