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The other article says: "OAKLAND, California, Aug 26 (Reuters) - Meta Platforms (META.O), opens new tab will pay up to $18 billion over the next decade" [1]

So it's 1.8 billion per year and that's a lot less than 25%.

[1] https://www.reuters.com/business/meta-reaches-18-billion-set...

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Exactly. Meta basically got out of this without any meaningful penalty or deterant for the future. Paid out to the 50 states, it only averages $36M a year per state. I can't believe all of the state AGs signed on for this no-op.

The pain inflicted is way worse than the cash. They now must make teens have aggressive time limits and time of day boundaries. Meta knows this means teens will leave forever to competitors and never come back as they age. That is a death sentence for them unless they can somehow convince their competitors to follow suit. I kind of hope the competitors laugh and watch Meta burn. Then each get sued to the same end individually.

Tiktok and YouTube are going to cannibalize Meta.

Except that the settlement includes making YouTube and TikTok implement the same stuff. The settlement amount stops by a third if the states don’t make their competition make the same changes.

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