The settlement is due to be issued in instalments over a 10-year period, and Meta will recognise a $10bn legal expense alongside third-quarter results.
Alongside the payment, Meta has agreed to several youth safety measures, including daily limits and age verification. Around 30% ($5.3bn) of the settlement value is subject to YouTube and TikTok implementing similar measures.
The shares were broadly flat in early trading.
Our view
HL view to follow.
Meta key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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