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A settlement, meaning a legal agreement to resolve claims without going to trial, worth $18 billion has placed Meta at the center of a children's online safety dispute.
The company has since called on rivals including TikTok and YouTube to match its commitments. One business professor told CNBC that Meta is seeking to ensure its competitors will face the same rules.
The short version: a major legal dispute ended, and Meta turned that ending into a public demand. Settlements usually close a chapter.
They bind the parties involved and carry no automatic obligation for anyone outside that agreement.
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