After Trump’s election, Meta Platforms (META) CEO Mark Zuckerberg embraced the incoming president’s priorities by scrapping the company’s diversity team, ending its fact-checking program, and appointing a Trump ally to its board of directors, Sam Schechner and Kim Mackrael of The Wall Street Journal reports. Now, Meta is calling in a favor, asking U.S. trade officials to fight against an unexpected European Union fine and cease-and-desist order, people familiar with the conversations told the Journal. The expected decision related to whether Meta should be forced to give Facebook and Instagram users the option of accessing those platforms for free without seeing personalized ads.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta ramping up work on smart glasses with screen, Bloomberg reports
- “Liberation Day” Sparks Concerns for the Magnificent Seven, Says Wedbush Analyst
- Meta Platforms’ (META) Head of AI Research Resigns
- AI Daily: OpenAI closes $40B funding round
- Meta AI research head confirms exit, says last day will be May 30
