Company
Snap Inc. operates Snapchat, a multimedia messaging and social media app known for disappearing messages and augmented-reality filters.
Default 2-hour caps, a midnight-to-6am block and age assurance are now written down, with a contingent payment attached to Snap, TikTok and YouTube adopting the same defaults.
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The fixed $12.7 billion works out to roughly two days of Meta's revenue a year, while the contingent tranche, worth about nine days of sales, only gets paid if three competitors decline to restrict teens the way Meta now must.
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The 5G bundle costs $2,395 with $10 a month for Verizon customers, and the Specs Intelligence app opened a waitlist today for people with no glasses at all, asking to connect the apps they already use.
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Snap's sixth-generation glasses arrive in Fall 2026 with a 51-degree display the company compares to a 24-inch monitor, and they weigh about 2.6 times what a pair of Meta Ray-Bans weighs. The demo software was Spotify and Google Docs.
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Meta wants rivals to copy the product changes it agreed to with most US state attorneys general, and Snap's Evan Spiegel told the BBC a default daily cap for teens is something his company would implement. He did not say when.
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California's AB 1709 bars autoplay, infinite scroll and algorithmic recommendations for users under 16. The companion-chatbot law signed the same day requires operators to take age brackets from the operating system.
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Impression guarantees signed months ago were priced against platform defaults. The state settlement has now changed those defaults, and the contracts carrying the guarantees contain no clean mechanism for the gap that opens.
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The state's first count rests on a 13-year-old test account and the answers Snap gave Apple's rating rubric, which pulls store listings into consumer protection law.
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