Meta had to shell out $9.89 billion to pay for a chunk of the child safety settlement it reached with US attorneys general. That’s according to the company’s third-quarter earnings report released on Wednesday, which says Meta’s income from operations would have been $22.89 billion without the settlement.
In August, Meta agreed to pay $17.1 billion to settle a massive nationwide lawsuit that claimed the company harmed children by making its social media platforms “addictive” by design. It will also only pay $5.3 billion of this amount if YouTube and TikTok implement stricter settings and safeguards for kids, which Meta also agreed to as par …
Read the full story at The Verge.
More in Technology
YouTube says it isn’t testing hiding the dislike button
October 21, 2026
Tesla says customers can add their own vehicles to the robotaxi fleet next year — will it happen?
October 21, 2026
Data centers could erase decades of air quality gains
October 21, 2026
Meta to create a new class of shares to fund AI push
October 21, 2026
New York’s first microdrama film festival searches for its audience
October 21, 2026
PHP: The three letters that shut down sites all over the internet today
October 21, 2026
Latest News
Gap and Victoria Beckham Are Running Back Their Sold-Out Collab: How to Shop the Fall Drop Early
October 22, 2026
Asian Para Games: Silver for Swati Chaudhary! Indian archer loses 4-6 in gold medal match
October 21, 2026
YouTube says it isn’t testing hiding the dislike button
October 21, 2026
Tesla says customers can add their own vehicles to the robotaxi fleet next year — will it happen?
October 21, 2026
Trump's green card curbs test Indian tech workers' American dream
October 21, 2026
‘Street Fighter’ Director Kitao Sakurai Built a Career by Embracing the Ridiculous
October 21, 2026