Entertainment · 3 views
Meta’s Almost $10 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs
Meta ’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations even as its quarterly revenue was up…
AI Summary
Meta’s $18 billion nationwide settlement with state attorneys general generated almost $10 billion in extra costs during its 2026 third quarter. The added expense caused the company to miss Wall Street earnings expectations despite a 28 percent rise in quarterly revenue.
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