Meta (META) reached a settlement in its social media trial, agreeing to pay up to $16.7 billion, according to Reuters. Bloomberg Intelligence head of technology research Mandeep Singh chats with Yahoo Finance Senior Reporter Brooke DiPalma about the ripple effects of the settlement.

Pennsylvania just handed Snap a fresh lawsuit hours after the stock posted a rare gain, while Meta quietly closed a deal that could have cost it close to its entire market cap. The two prints reveal exactly how much balance sheet size matters when youth-safety cases finally reach a verdict.

Attorney General Dave Sunday filed a lawsuit this week against Snapchat owner Snap Inc.

Pennsylvania’s Attorney General has sued Snap Inc., alleging that Snapchat misleads parents about mature content and uses design features that encourage compulsive use among minors, and is seeking civil penalties and changes to how the platform is marketed and accessed. Beyond the legal exposure, the case goes to the heart of Snap’s engagement model by questioning features like Snapstreaks, infinite scroll and Friend Solar System that help shape user behavior, especially for younger...

Pennsylvania AG Sues Snap Inc. Over Snapchat's Youth Engagement and Safety Practices

Pennsylvania Attorney General Dave Sunday announced a lawsuit against Snapchat on Tuesday, alleging the social media platform has failed to protect children fro

State prosecutors claim the company lies about the frequency of adult themes.

Attorney General Dave Sunday believes it’s his job to protect Pennsylvania’s children. To that end, Sunday announced a lawsuit against […]

Pennsylvania sues Snapchat, alleging the social media company puts children at risk and misleads consumers about adult-themed content.