Meta is trading 3.24% up at $588.50 after agreeing to pay up to $16.68 billion to settle claims brought by 29 U.S. states.
- The settlement includes daily usage limits, nighttime restrictions, stronger age verification, and additional parental controls for younger users.
- Shares initially gained more than 4% after the announcement as investors assess its financial and regulatory implications.
- Broader markets remain mixed, limiting market-wide support.