Meta hit with major EU probe into disinformation handling ahead of European elections [CNBC]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNBC
The Commission said it is investigating Meta over concerns the company hasn't done enough to ensure effective combatting of disinformation ahead of upcoming European Parliament elections. The European Parliament elections are due to take place on June 6-9. In the Commission's statement Tuesday, it said it suspects Meta is incompliant with DSA (Digital Services Act) obligations regarding tackling deceptive advertisements, disinformation campaigns, and coordinated inauthentic behavior in the EU. The Commission also said Meta may have infringed the DSA by demoting political content in the recommendation systems of Instagram and Facebook, which it said may have violated transparency requirements. “We have a well-established process for identifying and mitigating risks on our platforms,” a Meta spokesperson told CNBC via email. “We look forward to continuing our cooperation with the European Commission and providing them with further details of this work.” The bloc also took i
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- META's page on the SEC website