Meta To Fight European Union Charges Over Facebook Marketplace Abuse
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. is set to fight European Union charges that it abused its dominance through Facebook Marketplace, according to Bloomberg. The EU has accused Meta of using its social network to promote its own service, disadvantaging competitors.

July 12, 2023 | 3:45 pm
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Meta Platforms Inc. is facing EU charges over alleged abuse of dominance through Facebook Marketplace. The company plans to contest these charges.
The news of Meta facing EU charges over alleged abuse of dominance through Facebook Marketplace could negatively impact the company's stock in the short term. Regulatory issues often lead to uncertainty among investors, which can drive down the stock price. The fact that Meta plans to contest these charges indicates that the company is taking the matter seriously, which could further fuel investor concerns.
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