Business · Important news for 29 August 2026
Meta multi-state settlement puts pressure on competitors regarding online child safety
Japan Spent Record $96.5 Billion to Support Yen Over Past Month
US Treasury announces changes to shell company rules as debt hits $40 trillion
Meta agrees to $18bn settlement to end landmark lawsuit with 29 US states
Meta has agreed to an $18 billion settlement with 29 US states over allegations that Facebook and Instagram harm children, though critics argue the financial penalty has not diminished the company's market power.
- Meta agreed to an $18 billion settlement with 29 US states.
- The lawsuit centered on allegations that Facebook and Instagram harm children.
- Meta's stock price rose following the settlement announcement.
US economy created fewer jobs than previously reported in 2025-2026 benchmark revisions
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