Meta Platforms (NASDAQ: META) closed at $576.14, up 1.07%, following a settlement in a high-profile child-safety case with U.S. states. The company will pay up to $18 billion and implement new safety measures, including daily time limits and muted notifications during school hours. Trading volume for the day hit 31.1 million shares, significantly exceeding the three-month average of 18.4 million shares.
The settlement resolves ongoing legal issues over child addiction, alleviating concerns that the payouts could escalate much higher. Analysts suggest this moment parallels the technology sector’s “big tobacco” reckoning. Meta’s 2026 capital expenditure is projected between $125 billion and $145 billion, raising questions about future returns despite steady growth in ad revenue.
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