Colorado AG: Meta lawsuit's most important takeaway is the change in behavior, not money

Colorado AG Phil Weiser discusses the $18 billion Meta settlement, arguing its main importance is required behavior change at Meta/Instagram/Facebook rather than the money. He frames youth social media harm as an industry-wide problem that will also require changes from TikTok, Snap, and Google/YouTube. He also says schools should keep phones out of the classroom and that Colorado needs balanced data center growth. - Meta shares are lower but roughly flat since the $18 billion settlement was announced. - Weiser says the settlement's key outcome is forcing Meta, Instagram, and Facebook to limit engagement and change operations. - He argues the issue is industry-wide and that TikTok, Snap, and Google/YouTube also need to change behavior. - He notes cases against some of those other companies are coming soon. - He agrees schools should do more to keep phones out of classrooms. - Weiser is running for Colorado governor and supports data center growth with balance.