Meta says it would’ve made over $22 billion if it didn’t have to pay a child safety settlement

Meta had to ammunition retired $9.89 cardinal to wage for a chunk of the kid information colony it reached with US attorneys general. That's according to the company's third-quarter net study released connected Wednesday, which says Meta's income from operations would person been $22.89 cardinal without the settlement.

In August, Meta agreed to wage $17.1 billion to settee a monolithic nationwide suit that claimed the institution harmed children by making its societal media platforms "addictive" by design. It volition besides lone wage $5.3 cardinal of this magnitude if YouTube and TikTok instrumentality stricter settings and safeguards for kids, which Meta besides agreed to arsenic par …

Read the afloat communicative astatine The Verge.