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Received — 31 May 2026 Bloomberg Technology

Social Media Giants to Pay $27 Million in School Suit Accord

30 May 2026 at 00:52
The world’s biggest social media platforms agreed to pay about $27 million to settle a lawsuit filed by a rural Kentucky school district that alleged their products are addictive and helped create a teen mental health crisis that drained school resources.

Social media app icons for Snapchat, Instagram, Facebook, TikTok, X and Reddit are displayed on a smartphone in an arranged photograph in Sydney, Australia, on Wednesday Feb. 11, 2026. Major social media platforms blocked 4.7 million underage accounts in Australia in December as the country's landmark social media ban for under-16s took effect. Photographer: Brent Lewin/Bloomberg
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