Meta to pay $16.7bn over social media addiction case & Blu Label focuses on growth after Cell C

Mothoe Khoaripe speaks to Jan Vermeulen, Editor at MyBroadband, about Meta’s $16.7 billion settlement with a coalition of US states over allegations that Facebook and Instagram contributed to harm among children and teenagers. The settlement requires Meta to introduce tighter protections for younger users, including daily usage limits, nighttime blocks, stronger age verification and additional parental controls. In other interviews, Blu Label CEO Brett Levy talks about the group’s first full year following the Cell C listing, with normalised revenue of R9.44 billion, EBITDA of R923 million and headline earnings of R681 million. The separation of Cell C simplifies Blu Label’s balance sheet and leaves the group focused on its cash-generative platforms, including distribution and payments, digital vouchers, data intelligence, embedded financial services and energy. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.