Meta slapped with child safety probe under sweeping EU tech law

Meta slapped with child safety probe under sweeping EU tech law


Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC.

Alex Wong | Getty Images

Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law over child safety risks.

The European Commission, the EU’s executive body, said in a statement that it is investigating whether the social media giant’s Facebook and Instagram platforms “may stimulate behavioural addictions in children, as well as create so-called ‘rabbit-hole effects’.”

The Commission added that it is concerned about age verifications on the Meta’s platforms.

Meta did not immediately respond to a CNBC request for comment.

The Commission said that its decision to initiate an investigation comes of the back of a preliminary analysis of risk assessment report provided by Meta in September 2023.

The EU said it will carry out an in-depth investigation into Meta’s child protection measures “as a matter of priority.” The bloc can continue to gather evidence via requests for information, interviews, or inspections.

The Commission can consider commitments made by Meta to remedy its concerns.

Meta and fellow U.S. tech giants have been increasingly finding themselves in the spotlight of EU scrutiny since the introduction of the bloc’s landmark Digital Services Act, a ground-breaking law from the European Commission seeking to tackle harmful content.

Under the EU’s DSA, companies can be fined up to 6% of their global annual revenues for violations. The bloc is yet to issue fines to any tech giants under its new law.

In December 2023, the EU opened infringement proceedings into X, the company previously known as Twitter, over suspected failure to combat content disinformation and manipulation.



Source

Jim Cramer says Tim Cook accomplished something ‘almost impossible’ as Apple CEO
Technology

Jim Cramer says Tim Cook accomplished something ‘almost impossible’ as Apple CEO

CNBC’s Jim Cramer on Tuesday reflected on the legacy of Tim Cook, arguing that the longtime leader of Apple achieved something many in corporate America consider “almost impossible.” “You have heard a lot about Tim Cook today and for good reason,” the “Mad Money” host said. “He built the greatest consumer-based enterprise in history.” Cook, […]

Read More
SpaceX says it can buy Cursor later this year for  billion or pay  billion for ‘our work together’
Technology

SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for ‘our work together’

A SpaceX Falcon 9 rocket is displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026. Patrick T. Fallon | Afp | Getty Images SpaceX said it’s struck a deal with artificial intelligence startup Cursor, obtaining the right to acquire the company for $60 billion later this year, or to […]

Read More
Jim Cramer says these stocks show why you need to trade on fundamentals, not fear
Technology

Jim Cramer says these stocks show why you need to trade on fundamentals, not fear

CNBC’s Jim Cramer said stock sell-offs can be painful for investors, but they can also create opportunities for those willing to look past fear-driven narratives and focus on fundamentals. “Tailspins can be mighty nasty,” Cramer said Tuesday on “Mad Money.” “If you own a stock that’s caught in one, it’s very hard to hang on, […]

Read More