Elon Musk Reacts After Doge Designer Says Meta 'Would Be Trillionaires By Now' If They Had A Dollar For Every Child Safety Investigation
Portfolio Pulse from Rounak Jain
Elon Musk reacted humorously to a post about Meta Platforms Inc. (NASDAQ:META) facing numerous child safety investigations. Meta is currently under a fresh EU investigation and was recently fined $37.2 million by Turkey's competition board over data-sharing practices. The company has been criticized for prioritizing growth over child safety.
May 16, 2024 | 1:44 pm
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Meta Platforms Inc. is under a fresh EU investigation over child safety concerns and was recently fined $37.2 million by Turkey's competition board. The company faces criticism for prioritizing growth over child safety.
The fresh EU investigation and recent fine from Turkey highlight ongoing regulatory and legal challenges for Meta. These issues, coupled with criticism over child safety, are likely to negatively impact investor sentiment in the short term.
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