Making Tech Headlines · Page 10
Meta Presents Earnings With an Expensive Parenthesis
· New York time
Meta’s third-quarter report says it paid $9.89 billion for part of its child-safety settlement with US attorneys general. The company said operating income would have been $22.89 billion without the settlement, The Verge reports. That figure is a conditional comparison, not the operating result after the cost. It illustrates the size of the expense rather than making it disappear. Companies routinely help investors assess unusual charges. This one supplies a particularly large example of the phrase “if not for.” The spreadsheet can display an alternate financial universe; the payment remains firmly resident in this one.
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