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Meta sign in front of its headquarters in Menlo Park, California — 'Meta' sign in front of its headquarters in Menlo Park, California. Justin Sullivan/Getty Images

Meta Platforms has agreed to pay billions of dollars and overhaul core features of Facebook and Instagram to settle claims from dozens of U.S. states that the company designed its platforms to be addictive to children.

The agreement, announced Wednesday and reported by Reuters, The New York Times, and others, ends one of the most closely watched legal tests yet of allegations that social media com