Facebook, Instagram in EU crosshairs for suspected tech rule breaches [Yahoo! Finance Canada]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance Canada
By Foo Yun Chee BRUSSELS (Reuters) - Meta Platforms' Facebook and Instagram have failed to tackle deceptive advertising and disinformation ahead of key European Parliament elections, the European Commission said on Tuesday as it opened an investigation into suspected breaches of EU online content rules. The move by EU tech regulators came amid concerns about Russia, China and Iran as potential sources of disinformation, but also inside the EU, with some political parties and organisations seeking to attract voters with lies in the June 6-9 vote to select the next five-year parliament. The Digital Services Act which kicked in last year requires Big Tech to do more to counter illegal and harmful content on their platforms. ADVERTISEMENT "We suspect that Meta's moderation is insufficient, that it lacks transparency of advertisements and content moderation procedures," EU digital chief Margrethe Vestager said in a statement. "So today, we have opened proceedings against Meta
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- META's page on the SEC website