The Facebook and Instagram owner, which denies wrongdoing, says the agreement builds on its "longstanding efforts to empower parents and support teens".
Meta: “There’s no problem.” Also Meta after getting sued: “Here are the safety changes everyone should adopt.” 😆
To be fair $18 billion is not inconsequential. Meta Platform’s net income for the twelve months ending June 30, 2026 was $68.098 B so that is 26% of their net profits. A pretty severe hit.
To be fair $18 billion is not inconsequential. Meta Platform’s net income for the twelve months ending June 30, 2026 was $68.098 B so that is 26% of their net profits. A pretty severe hit.
Paid over ten years.
Merely the cost of doing business.