Meta says it would’ve made over $22 billion if it didn’t have to pay a child safety settlement
Summary
Meta reported in its third-quarter earnings that its income from operations would have exceeded $22 billion without a massive child safety settlement. The company recently paid nearly $10 billion toward the agreement reached with United States attorneys general.
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…
Source: Read the full story at The Verge
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