Meta accused of violating EU antitrust rules over ad-supported subscription

Investors have been on the sidelines amid a broad sell-off in tech stocks this year. Shares of Facebook parent Meta have fallen more than 30% this year amid a rocky macro environment and weaker-than-expected earnings.

Igor Golovniov | SOPA Images | LightRocket | GettyImages

Facebook’s parent company Meta was accused by EU regulators on Monday of failing to comply with the bloc’s groundbreaking antitrust rules over its recently launched ad-supported social networking site.

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