The EU has asked Meta to make major changes to Instagram and Facebook, citing features that are “too addictive.” Non-compliance could trigger fines of up to 6% of Meta’s global annual revenue, raising regulatory risk. The headline is likely to be sector-moving for Big Tech and social media given the potential for significant cost and product changes.
The EU has asked Meta to make major changes to Instagram and Facebook, citing features that are “too addictive.” Non-compliance could trigger fines of up to 6% of Meta’s global annual revenue, raising regulatory risk. The headline is likely to be sector-moving for Big Tech and social media given the potential for significant cost and product changes.
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