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VisitEU Launches Investigation into Meta Over Social Media Addiction and Child Protection
May 16, 2024, 10:05 AM
The European Union has launched a formal investigation into Meta, the parent company of Facebook and Instagram, to examine whether its social media platforms contribute to social media addiction in children. The probe will assess if these platforms reinforce 'rabbit hole' effects and other issues that may impact child protection. This investigation is part of the EU's broader efforts to ensure compliance with the Digital Services Act (DSA).
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Markets
Investigation concludes without regulatory action • 50%
Investigation concludes with regulatory action • 50%
Official EU press release or legal documentation
Yes • 50%
No • 50%
Meta's official announcements or regulatory filings
No • 50%
Yes • 50%
EU official statements or court documents
Significant fluctuation in stock price • 25%
Stock price increases • 25%
Stock price remains stable • 25%
Stock price declines • 25%
Stock market performance and financial news analysis
Major overhaul required • 34%
No significant findings • 33%
Minor policy adjustments requested • 33%
EU official report or statement
Decrease in user engagement • 33%
Increase in user engagement • 33%
No significant change in user engagement • 34%
Meta's user engagement reports and independent market research