EU investigates Meta over fears of election interference and foreign disinformation [CNN]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNN
The new probe is focused on Meta's handling of advertising by scammers and foreign election meddlers, the European Commission said Monday, as well as a decision to shut down an analysis tool widely used by researchers and journalists to monitor Meta's platforms. The investigation is the latest example of European regulators flexing their muscle against US tech giants following the passage of a flurry of new laws designed to rein them in. Officials said the investigation highlights apparent violations of Europe's signature law governing online platforms, the Digital Services Act. If confirmed, the violations could lead to significant fines of up to 6% of Meta's global revenue. As part of the probe, regulators said they are also looking into whether decisions by Meta to rank political content lower in users' feeds may violate the DSA's transparency rules. They added that Meta's tools for users to report illegal content don't appear to align with the DSA's requirements, either.
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- Chili's closes one Baton Rouge restaurant, two still open [Yahoo! Finance]Yahoo! Finance
- Uptick in Facebook Marketplace robberies reported across NYC. Map shows pattern of crimes [CBS News]CBS News
- False claim bill would require pregnant women to register with federal government | Fact check [USA TODAY]USA TODAY
- Claim of 400,000 Boy Scouts quitting after name change announcement began as satire | Fact check [USA TODAY]USA TODAY
- AGBA Solidifies Market Leadership with Expansion Plans and Focus on Tech/Fintech Innovation [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/14/24 - Form PX14A6G
- 5/9/24 - Form 4
- 5/7/24 - Form 4
- META's page on the SEC website