EU investigates Meta over fears of election interference and foreign disinformation [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
disinformation on its platforms, setting up the possibility of steep fines or other penalties. 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 f
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META
News
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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