▲ 417 ▼ Meta Just Paid Nearly $17 Billion To Make Sure It Gets To Write The Kid Safety Rules For Every Other Social Media Platform (www.techdirt.com) submitted 1 day ago by General_Effort@lemmy.world to c/technology@lemmy.world 38 comments fedilink hide all child comments
[–] HootinNHollerin@lemmy.dbzer0.com 37 points 1 day ago (1 child) No they didn’t. It’s to be paid over 10 years permalink fedilink source hideshow 2 child comments replies: [–] General_Effort@lemmy.world [S] 18 points 1 day ago (1 child) It's also only $5B unless... Yeah, the headline is bad. But the story contains fairly good information and analysis. permalink fedilink source parent hideshow 2 child comments replies: [–] ryper@lemmy.ca 11 points 1 day ago The $5B is the conditional bit: The agreement includes a payment of approximately $18 billion, which can be used to fund youth online safety initiatives, among other state priorities. The payment will be distributed in annual installments over a 10-year period. Participating states will receive approximately 70% (approximately $12.7 billion) of the allocated payment over the decade. The remaining 30% (approximately $5.3 billion) will be released only after two specific conditions are met. YouTube and TikTok implement a one-hour Daily Limit, Night Mode, and age assurance measures. YouTube and TikTok each pay an amount matching the 30% figure, with half of the remaining funds tied to YouTube’s payment and half tied to TikTok’s. permalink fedilink source parent
[–] General_Effort@lemmy.world [S] 18 points 1 day ago (1 child) It's also only $5B unless... Yeah, the headline is bad. But the story contains fairly good information and analysis. permalink fedilink source parent hideshow 2 child comments replies: [–] ryper@lemmy.ca 11 points 1 day ago The $5B is the conditional bit: The agreement includes a payment of approximately $18 billion, which can be used to fund youth online safety initiatives, among other state priorities. The payment will be distributed in annual installments over a 10-year period. Participating states will receive approximately 70% (approximately $12.7 billion) of the allocated payment over the decade. The remaining 30% (approximately $5.3 billion) will be released only after two specific conditions are met. YouTube and TikTok implement a one-hour Daily Limit, Night Mode, and age assurance measures. YouTube and TikTok each pay an amount matching the 30% figure, with half of the remaining funds tied to YouTube’s payment and half tied to TikTok’s. permalink fedilink source parent
[–] ryper@lemmy.ca 11 points 1 day ago The $5B is the conditional bit: The agreement includes a payment of approximately $18 billion, which can be used to fund youth online safety initiatives, among other state priorities. The payment will be distributed in annual installments over a 10-year period. Participating states will receive approximately 70% (approximately $12.7 billion) of the allocated payment over the decade. The remaining 30% (approximately $5.3 billion) will be released only after two specific conditions are met. YouTube and TikTok implement a one-hour Daily Limit, Night Mode, and age assurance measures. YouTube and TikTok each pay an amount matching the 30% figure, with half of the remaining funds tied to YouTube’s payment and half tied to TikTok’s. permalink fedilink source parent