India, May 31 -- Several major social media companies, including TikTok, Meta and YouTube, have agreed to pay a combined $27 million (approximately Rs.224 crore) to settle a lawsuit filed by a rural school district in Kentucky that alleged their platforms were intentionally designed to be addictive and contributed to a teen mental health crisis.

According to a report by Bloomberg, Meta Platforms Inc., the parent company of Facebook and Instagram, will pay $9 million-more than any other company involved in the settlement. Snap Inc., the owner of Snapchat, and TikTok have each agreed to pay $8 million, while Google's YouTube will contribute slightly more than $2 million.

In addition to its financial settlement, YouTube has also agreed to ...