Meta Agrees to Pay Up to $16.7 Billion in Landmark Teen Safety Settlement
Meta agreed to pay up to $16.7 billion and impose major restrictions on Facebook and Instagram use by teenagers under a landmark U.S. settlement.
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Meta Stock Falls 10% as $15.9B Charge Drags Q3 Profit Despite Revenue Beat
By
Oleg Petrenko
• 1 min read
Meta shares fell nearly 10% after a $15.9B expense hit Q3 profit, overshadowing strong revenue and guidance for the next quarter.