Meta Platforms To Pay $18B Over 10 Years For Youth Online Safety Initiatives; To Accrue $10B Legal Expense In Q3 For Agreement; Independent Auditor To Review Meta Agreement Compliance For Five Years
https://ecf.cand.uscourts.gov/cgi-bin/show_multidocs.pl?caseid=419868&arr_de_seq_nums=1725&magic_num=&pdf_header=&hdr=&psf_report=&pdf_toggle_possible=1&exclude_attachments=&zipit=0&ca
Meta agreed to spend $18 billion over 10 years to make its apps safer for young people, and it will record a big $10 billion charge in its upcoming results. This shows the company is taking responsibility for protecting kids, though it's a large cost that affects their profits this quarter.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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