"TikTok is moving to settle a lawsuit with a woman who alleged that the company and other social media giants designed their platforms to addict young users, the first such case to go to trial. A lawyer for the woman confirmed that an agreement in principle had been reached hours before jury selection started in Los Angeles on Tuesday. The woman's similar claims against Meta Platforms Inc.'s Facebook and Instagram and Google's YouTube will proceed as planned for now."
"K.G.M.'s case is the first to go to trial among thousands of complaints filed by young users and their family members, accusing the social media companies of profiting at the expense of young people, who are driven to spend excessive time on screens. The trial, and others scheduled for later this year, will serve as critical tests for the remaining cases. If the companies lose at trial, it could create pressure for high-dollar settlements. Bloomberg Intelligence Litigation Analyst Matthew Schettenhelm said in a research note that the companies face exposure in the billions of dollars."
TikTok reached an agreement in principle to settle a lawsuit brought by a woman identified as K.G.M., who alleged social platforms were designed to addict young users. The settlement was confirmed hours before jury selection in Los Angeles. Claims against Meta's Facebook and Instagram and Google's YouTube will proceed for now, while Snap previously reached a confidential settlement with the same plaintiff. K.G.M.'s case was the first of thousands to reach trial and could influence outcomes in related suits. Analysts say trial losses could force high-dollar settlements and expose companies to billions in liability, while company lawyers argue insufficient evidence and federal protections.
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