A settlement has been reached between Meta and 29 states over claims that social media harmed young users. The settlement amount is $16.68 billion. This agreement was made during a federal trial, preventing a high-profile test of the allegations against social media companies.

Further details about the settlement and the claims brought by the states are available from the source. The settlement averts a major trial that would have examined the impact of social media on children.

The source provides more information about the settlement and the allegations made against Meta, which can be consulted for a more detailed understanding of the case.