00:01Meta must pay $567 million into a state fund designed to address the negative effects of social media on minors,
00:08according to a ruling by a New Mexico court.
00:12At the end of the first phase of the trial in May, the court ruled that the social media giant
00:17was aware of the harmful mental effects of its platforms on young people, but failed to address them adequately, just
00:23as it failed to take appropriate action against child trafficking on its platform.
00:28At that time, Meta was also fined $375 million. The current amount is in addition to that, bringing the total
00:36payment obligation to nearly $1 billion, which still pales in comparison to the company's projected $60 billion in profits for
00:442025.
00:46The court also ordered Meta to implement a long list of measures to make its platforms less addictive and better
00:51at screening out minors.
00:54The company is appealing the decision.
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