Finance News

Meta accused of failing to comply with EU antitrust rules

By Finance News On Jul 1, 2024

Investors are staying on the sidelines amid a broad selloff in tech stocks this year. Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results.

Igor Golovniov | SOPA Images | LightRocket | Getty Images

Facebook parent company Meta was on Monday accused by EU regulators of failing to comply with the bloc’s landmark antitrust rules over its recently introduced ad-supported social networking service.

This breaking news story is being updated.

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