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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 to c/technology@lemmy.world
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[–] [S] 16 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.

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  • [–] 10 points 22 hours 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.

    1. YouTube and TikTok implement a one-hour Daily Limit, Night Mode, and age assurance measures.
    2. 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.
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