Meta’s $5 Billion Bounty

Eriq Gardner joins Peter to explain why Meta’s settlement with state attorneys general is less about the $18 billion price tag than the precedent it sets: courts writing the rules for social media. Then they dig into the deal’s wildest clause—an extra $5 billion if regulators get TikTok, Snap, and YouTube on board—and why litigation may be the only path left for policing Big Tech.