Meta Faces EU Probe For Suspected Failure To Combat Russian Disinformation: Report

Fidelity MSCI Telecommunicat +0.28% Pre
Meta Platforms -1.28% Pre
Communication Services Select Sector SPDR Fund +0.27% Pre

Fidelity MSCI Telecommunicat

FCOM

52.87

52.87

+0.28%

0.00% Pre

Meta Platforms

META

489.79

485.04

-1.28%

-0.97% Pre

Communication Services Select Sector SPDR Fund

XLC

86.85

86.85

+0.27%

0.00% Pre

European Commission reportedly plans to investigate Meta Platforms Inc’s (NASDAQ:META) Facebook and Instagram over concerns regarding Russia disinformation, with suspicions of inadequate moderation.

Regulators are alarmed by Meta’s purportedly insufficient efforts to combat political advertising disinformation, risking electoral integrity, according to a report from Financial Times.

Also See: How Apple’s Arch Rivals Meta And Google Are Revamping Their Plans To Take On The Might Of iPhone And Vision Pro

EU officials express unease over Meta’s handling of Russian interference in upcoming European elections, underlining broader concerns about misinformation spread by foreign entities.

Moreover, the accessibility of Meta’s content flagging system under the EU’s Digital Services Act raises apprehensions, with fears that it might not meet regulatory standards.

The investigation, spurred by Meta’s report on disinformation handling and the EU’s assessment, will scrutinize whether Facebook and Instagram comply with the law in placing political content.

The probe also delves into Meta’s discontinuation of CrowdTangle and its tracking methods for disinformation, potentially impacting fact-checkers and journalists.

The report further noted Meta will be given a five-day window to propose mitigation measures, failing which could prompt regulatory actions under the DSA.

Read Next: Meta’s Threads Enhances User Control with New Features

Meta responded, expressing readiness to cooperate and share further details of its risk mitigation efforts with the European Commission.

The probe follows the imposition of election safeguards by the regulators to mitigate online threats to electoral integrity.

Meta Platforms stock has gained more than 82% in the past 12 months. Investors can gain exposure to the stock via The Communication Services Select Sector SPDR Fund (NYSE:XLC) and Fidelity MSCI Communication Services Index ETF (NYSE:FCOM).

Price Action: META shares are trading lower by 1.1% at $438.44 in premarket at the last check Monday.

DisclaimerThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image Credits – Shutterstock

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via