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Snap settles social media addiction lawsuit, NY Times reports

Snap (SNAP) has agreed to settle a tech addiction lawsuit ahead of a landmark trial alleging social media companies engineered addictive products that harm young users, The New York Times’ Cecilia Kang reports. The case potentially opens new avenues of liability for the industry, and is the first of several social media addiction lawsuits that are set to go to trial this year against Meta (META), Snap, TikTok and YouTube (GOOGL), the report says.

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