European Union to slap Meta with fine up to $1B or more for breaching strict antitrust rules: sources [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
antitrust rules, The Post has learned – setting up a possible showdown with President Trump, who has compared the EU's penalties to “overseas extortion.” The European Commission, the EU's antitrust watchdog, is expected to conclude that Meta is not in compliance with the Digital Markets Act, sources close to the situation told The Post on Monday. The landmark law took effect in 2023 and applies tough competition rules on Meta and six other companies deemed internet gatekeepers. The fine is expected to be hundreds of millions of dollars and potentially more than $1 billion, the sources said. The EU's probe into the Facebook and Instagram parent company is expected to finish up as early as this week, with an announcement about the commission's e
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META
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META
Earnings
- 1/29/25 - Beat
META
Sec Filings
- 3/27/25 - Form 4
- 3/26/25 - Form 4
- 3/25/25 - Form 144
- META's page on the SEC website