Meta Platforms Faces EU Findings Over Illegal Content Moderation
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Meta Platforms is facing preliminary findings from the European Commission regarding inadequate tools for users to report illegal content on Facebook and Instagram. If confirmed, this could result in a fine of up to 6% of Meta's annual global revenue. The findings stem from an EU investigation initiated in April 2024 under the Digital Services Act. Meta disagrees with the allegations and is in negotiations with EU authorities. The company's stock price is currently at $748.41, reflecting a change of +0.63%.
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