Meta shares are trading lower on reports the EU will open a probe into the company due to handling of disinformation.
Portfolio Pulse from Benzinga Newsdesk
Meta shares are trading lower following reports that the EU will open a probe into the company's handling of disinformation.

April 29, 2024 | 4:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Meta's stock is experiencing a downturn due to reports of an upcoming EU investigation into its disinformation practices.
The news of a regulatory probe by the EU into Meta's handling of disinformation directly impacts investor sentiment and the company's stock price. Regulatory investigations can lead to fines, operational restrictions, or changes in business practices, all of which can negatively affect profitability and reputation. The immediate market reaction is negative, reflecting concerns over potential outcomes of the probe.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100