SMRTR TechAug 26, 2026Reddit

Meta doesn't want to be a social media company anymore

SMRTR summary

Meta settled a social media addiction lawsuit with 52 attorneys general, agreeing to pay $18 billion over ten years and add safety features for teens on Facebook and Instagram. But the settlement barely dents Meta's $200.97 billion in annual revenue, and the company is clearly shifting its focus toward AI, pushing AI agents, Meta Glasses, and massive data centers, despite mounting controversies around privacy, security incidents, and internal staff backlash.

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