New Mexico Seeks $3.7 Billion Abatement Plan from Meta Over Facebook and Instagram
New Mexico is seeking a $3.7 billion abatement plan from Meta, requiring the company to fund mental health, law enforcement, and education programs. The state also demands changes to Meta's services, including age verification and reduced notifications for teens. Meta has expressed concerns about the feasibility of the plan and the potential to leave the state.
Tickers: $META
Topics: abatement plan child safety Facebook Instagram mental health Meta New Mexico regulatory action