'Meta, Roblox agree to child-safety measures sought by Philippines, minister says' - Reuters
https://www.reuters.com/world/asia-pacific/meta-roblox-agree-child-safety-measures-sought-by-philippines-minister-says-2026-08-27/
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Roblox shares are trading lower after the company reported Q2 financial results. The company's shareholder letter acknowledged a bookings shortfall that reflected a decline in per hour monetization with younger cohorts in the U.S. and Canada.
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Roblox shares are trading lower, possibly in response to Meta agreeing to a maximum settlement in a lawsuit alleging its technology harmed children. An Australian regulator previously gave Roblox three months to improve children's online safety protections, and the settlement may prompt U.S. regulators to enforce stricter measures to protect American youth.
Read original at benzingaRoblox shares are trading lower, possibly in response to peer Meta agreeing to a maximum settlement in a lawsuit alleging its technology harmed children. The social media platform may be impacted by nationwide changes for teen users.
Read original at benzingaMeta Agrees To Pay Maximum Settlement Of $16.68B To States As Part Of Agreement, Including $2.2B To California; Deal Requires Nationwide Changes For Teen Users Of Instagram And Facebook; Judgement Requires Meta Default Daily Limits And Nighttime Blocks For Teenage Users
– Reuters cites court filing
Read original at benzinga