Bloomberg:

The world’s biggest social media companies have reached a dozen confidential settlements in recent months with teen plaintiffs over claims the platforms damaged their mental health. The payouts were secret, but Bloomberg Businessweek has learned that most ranged from $2 million to $2.5 million.

And in just the past two weeks, Meta Platforms Inc. agreed to pay two of these teens a combined $7 million, according to people familiar with the payments who didn’t want to be identified discussing confidential information.

Bloomberg says they settle to keep it out of court to avoid a admitting wrongdoing. And it’s with it to them at millions of dollars per claim.

Really interesting symbiosis with teens pocketing easy millions and far-too-rich social media corporations being more than willing to pay it to protect their profits.