Meta and Apple will likely be the first targets of Europe's new antitrust powers [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
the request of its main privacy regulator in Ireland, after privacy advocates loudly complained that Meta can't train its AI on the personal data of European Facebook and Instagram users without their consent. “Without including local information we'd only be able to offer people a second-rate experience,” Meta griped , calling it “a step backwards for European innovation.” But that annoyance is nothing compared to what's reportedly around the corner. According to Reuters , the European Commission is gearing up to make Meta and Apple the first targets of its new antitrust powers, based on the Digital Markets Act that took effect a few months ago. As also reported by the Financial Times , Apple's charges will likely arrive first, followed by those for Meta. We'll get to the Apple issues in a moment, but those that will reportedly lead to Meta charges are not a million miles away from those holding up its European AI ambitions. In the case of Meta AI, the problem is that the EU'
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 6/25/24 - Form 144
- 6/25/24 - Form 144
- 6/24/24 - Form 4
- META's page on the SEC website