Facebook Marketplace Under Regulatory Fire For Alleged Sale Of Recalled Items
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc (NASDAQ:META) is under scrutiny from bipartisan lawmakers for allegedly allowing the sale of recalled items on its digital marketplace, Facebook Marketplace. The items include products linked to infant fatalities. Lawmakers have communicated their concerns directly to Meta Platforms CEO, Mark Zuckerberg. The issue has been raised with 16 different online marketplace operators, including TikTok.
August 23, 2023 | 1:49 pm
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Meta Platforms is under regulatory scrutiny for allegedly allowing the sale of recalled items on Facebook Marketplace, which could potentially harm its reputation and user trust.
The news of regulatory scrutiny over Meta Platforms for allegedly allowing the sale of recalled items on Facebook Marketplace could potentially harm the company's reputation and user trust. This could lead to a decrease in user engagement on the platform, which could negatively impact the company's revenues and stock price in the short term.
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