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Meta slapped with child safety probe under sweeping EU tech law - TL;DR CNBC

Meta slapped with child safety probe under sweeping EU tech law

Publishing timestamp: 2024-05-16 09:14:07


Summary

The European Commission is investigating Meta's Facebook and Instagram platforms for potential behavioral addictions in children and privacy risks. The investigation is part of the Digital Services Act, and Meta could face fines of up to 6% of their global annual revenues for violations. Other authorities, such as the attorney general of New Mexico, are also taking action against Meta for child safety concerns.


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Tickers: META

Keywords: breaking news: europebreaking news: technologycybersecuritytechnologybusiness newsmeta platforms inc

Source: https://www.cnbc.com/2024/05/16/meta-slapped-with-formal-eu-probe-over-child-safety-risks.html


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