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VisitEU Launches Investigation into Meta's Facebook and Instagram Over Child Safety Concerns
May 16, 2024, 03:09 PM
The European Union has launched a formal investigation into Meta Platforms, focusing on its social media sites Facebook and Instagram. The probe, initiated on May 16, 2024, aims to determine whether these platforms have breached EU online content rules related to child safety. The investigation is driven by concerns that Meta's platforms may be contributing to addictive behaviors in children, including the so-called 'rabbit hole effect,' and failing to provide adequate age verification and privacy protections. The EU's Digital Services Act (DSA) mandates that online platforms mitigate risks to the physical and mental health of young users. If found in violation, Meta could face significant fines.
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Markets
Yes • 50%
No • 50%
Official EU regulatory announcement or final legal decision
No • 50%
Yes • 50%
Official statements or updates from Meta
No • 50%
Yes • 50%
EU regulatory announcements or legal documents
No significant change • 33%
Increase in user base • 33%
Decrease in user base • 34%
Meta's financial and user base reports, industry analysis
Policy overhaul • 25%
Minor policy adjustments • 25%
Dispute findings • 25%
Settlement with EU • 25%
Press releases, public statements by Meta
Meta fully compliant • 33%
Minor violations found • 33%
Major violations found • 34%
Final report or announcement by the EU