Meta Platform’s lawyers will go against the European Commission, EC, to challenge having part of the company’s social-networking business included in its crackdown on Big Tech market power, Edith Hancock of The Wall Street Journal reports. Facebook’s, FB, Messenger and Marketplace features are the core issue, which Meta argues the EU’s digital regulators should not have classified as core platform services that must obey the Digital Markets Act.
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:
- AI Daily: Samsung nearing deal to invest in Perplexity
- Meta Stock Higher as It Goes Full Pelt on AI Ads
- Meta shareholders reject proposal to assess if Bitcoin added to balance sheet
- Meta Platforms to fully automate ad creation on platform using AI, WSJ says
- Meta plans to automate many of product risk assessments, NPR reports
