Dogecoin Designer Asks Why No Action Against Meta Despite Child Sexual Abuse Allegations, Elon Musk Responds…
Portfolio Pulse from Ananya Gairola
Elon Musk responded to a Dogecoin designer's question about why Meta Platforms Inc. has not faced formal proceedings despite allegations of enabling child sexual abuse on Instagram and Facebook. The EU has launched an investigation into Musk's platform X for potential violations of the Digital Service Act. Musk has previously criticized Meta and its handling of content, and has had a tense relationship with EU Commissioner Thierry Breton, even considering removing X from Europe to avoid regulations.

December 19, 2023 | 3:23 am
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Meta Platforms Inc. is under public scrutiny after a Dogecoin designer questioned the lack of formal proceedings against the company for allegations related to child sexual abuse content on its platforms.
The public questioning by a prominent figure like Elon Musk could lead to increased regulatory and consumer pressure on Meta, potentially impacting its reputation and stock price negatively in the short term.
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