Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) delivered another quarter of strong advertising growth, but a $9.9 billion legal charge sent earnings tumbling below analyst expectations even as revenue topped forecasts. The quarter included a $9.9 billion charge related to an August agreement with 52 state attorneys general to resolve litigation over teen mental health and social media, under which Meta will make payments of up to about $18.59 billion.
Read on proactiveinvestors.com