BusinessQuiet 76d · day 77
Tobacco-suit veteran Mike Moore eyes broader settlement with Meta, social media
The Mississippi AG who won the 1998 tobacco deal is advising states as they push for a wider industry-wide social media settlement after Meta's $17 billion deal.
What to know
- Meta's nearly $17 billion settlement with state AGs over child mental health harm is the largest deal yet in a wider litigation wave against social media companies.
- Mike Moore, architect of the 1998 tobacco settlement, is advising state AGs and pushing for a broader, industry-wide settlement covering TikTok and YouTube as well as Meta.
- Experts question whether the tobacco playbook applies cleanly to fast-evolving social media and AI technology, unlike a static product like cigarettes.
- Other cases against social media companies remain open, meaning the litigation wave is not resolved by the Meta deal alone.
“The attorneys general have done a great job with their investigations and lawsuits in exposing the bad practices of Meta and the social media industry and now providing a template of corrective actions the industry must take.”
Mike Moore, Former Mississippi AG, tobacco settlement architect · CNBC · Aug 29
Mike Moore Former Mississippi Attorney General, co-leader of Attention InitiativeMeta Defendant companyState attorneys general coalition PlaintiffsJonathan Caulkins Professor of public policy, Carnegie Mellon Heinz College
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