Stock Market Today, Aug. 26: Meta Gains on $18 Billion Child-Safety Settlement
The social media giant reached a settlement with U.S. states on Wednesday, easing a major legal overhang, today, Aug. 26, 2026.
Overview
Meta Platforms (NASDAQ:META), a social networking and artificial intelligence (AI) giant, closed at $576.14, up 1.07%. The stock moved after Meta settled a high-profile child-safety case with U.S. states. Meta agreed to pay up to $18 billion and introduce child-safety measures such as daily time limits and muted school-time notifications. Meta has also called on competitors to introduce similar protections.
Trading volume reached 31.1 million shares, coming in about 69% above its three-month average of 18.4 million shares. Meta Platforms IPO'd in 2012 and has grown 1,270% since going public.
Details
The S&P 500 closed at 7,676, down 0.02%, while the Nasdaq Composite finished at 26,130, down 0.08%. Among social media and digital advertising platforms, Alphabet closed at $339.10, down 1.23%, and Snap closed at $5.42, down 8.45%.
Source
Originally published at www.fool.com.