• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Dolly Parton’s philanthropy inspiration was her father who couldn't read or write: 'I saw how crippling that could be'

2

Jamie Dimon and his wife, Judith, donate $12 million to 12 HBCUs—betting they're the 'springboard to success' for the next generation

3

Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve

1

Dolly Parton’s philanthropy inspiration was her father who couldn't read or write: 'I saw how crippling that could be'

2

Jamie Dimon and his wife, Judith, donate $12 million to 12 HBCUs—betting they're the 'springboard to success' for the next generation

3

Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve
CybersecurityMeta

Meta’s $17.1 billion settlement will be over 12-times larger than the second largest big tech privacy settlement in the past four years

By
Joshua Hong
Joshua Hong
News Fellow
Down Arrow Button Icon
By
Joshua Hong
Joshua Hong
News Fellow
Down Arrow Button Icon
August 26, 2026, 10:42 AM ET
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., exits Los Angeles Superior Court in Los Angeles, California, US.
Meta will beat its previous record for highest privacy settlement for big tech in the past four years.Kyle Grillot/Bloomberg via Getty Images
Add Fortune on Google for similar content.

Meta agreed to pay up to $17.1 billion over the next decade to settle a landmark child-safety lawsuit brought about by 29 state Attorneys General, co-led by California’s Rob Bonta. The suit alleged Meta designed Instagram with intentionally addictive features and exposed younger users to serious mental harms while misleading the public about the platform’s safety. In addition to the payout, the social media company will make sweeping changes to its platform, including a default two-hour daily time limit on Facebook and Instagram for under-18 users, and will bring on an independent auditor.

Recommended Video

Meta’s settlement comes in as one of the largest of its kind. The agreement puts the social media giant’s payment at over 12-times higher than the previous highest settlement in the past four years—a mark Meta itself kept up to that point with its $1.4 billion settlement in 2024. At up-to $17.1 billion, state attorneys general describe it as the largest state consumer-protection settlement outside of the tobacco settlements of the 1990s—and it is the largest settlement ever reached with a single company in the New York attorney general’s office (the previous being in 2022 with the state’s $7.4 billion settlement with Purdue Pharma and the Sackler family over the opioid crisis).

Previous settlements surrounding children and teen safety include TikTok’s $400 million children’s privacy COPPA settlement in 2026, Meta’s $1.4 billion Texas biometric data privacy settlement in 2024, Google’s $1.375 billion Texas data-privacy settlement in 2025, Meta’s $725 million Facebook user privacy in 2023 and Google’s $391.5 million location-tracking privacy settlement in 2022.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
About the Author
By Joshua HongNews Fellow

Joshua Hong is a News Fellow at Fortune covering data, AI, cybersecurity, energy, and retail.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Cybersecurity


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Cybersecurity


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.