Meta shares edge higher as $18 billion youth-safety settlement costs remain in focus

  • Meta reached a youth-safety settlement with 29 U.S. states covering Facebook and Instagram.
  • $18 billion covers Meta’s described payments over 10 years, including a separate $1 billion Texas settlement.
  • Meta shares traded at $579.51, up 0.26%, while S&P 500 futures fell about 0.5%.

Meta Platforms shares edged higher in Monday premarket trading as investors assessed the company’s youth-safety settlement costs against a weaker broader market. The agreement with 29 U.S. states introduces daily usage limits and nighttime restrictions for teenagers, tighter age verification and expanded parental controls on Facebook and Instagram. Meta has described about $18 billion in payments over 10 years, including up to $17 billion related to the states’ claims and a separate $1 billion settlement with Texas. The stock carried a Buy rating with an average price forecast of $768.81. Rosenblatt raised its forecast to $886 while maintaining Buy, Benchmark rated the stock Hold, and Truist Securities maintained Buy while lowering its forecast to $763. Meta represented 9.46% of the First Trust Dow Jones Internet Index Fund, 8.91% of the Invesco AI and Next Gen Software ETF and 8.76% of the Global X Social Media ETF. Such exposure means significant fund inflows or outflows would require automatic purchases or sales of Meta shares. Benzinga Pro data showed the stock up 0.26% at $579.51 in premarket trading, while S&P 500 futures were down about 0.5%.

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Meta shares edge higher as $18 billion youth-safety settlement costs remain in focus - CoinPost Terminal