Concerns that Meta hasn't done enough to safeguard forthcoming EU elections or to counter foreign misinformation on its platforms have prompted European Union officials to launch an investigation into the firm, raising the prospect of harsh fines or other sanctions.
According to an EU source aware of the inquiry, the latest review is focused on Meta's handling of advertising by fraudsters and foreign election meddlers. The person was allowed to remain anonymous because they were not permitted to talk publicly about the topic. The investigation also centers on the choice to discontinue an analytical tool that journalists and scholars frequently use to keep an eye on Meta's platforms.
The source also stated that one of the main motivating factors for the investigation is uncertainty over Meta's capacity to counteract Russian disinformation efforts that would jeopardize election integrity.
The probe is the most recent instance of European authorities using their power against US internet firms after a slew of fresh regulations intended to limit their influence were passed.
According to the EU source, the inquiry reveals possible infractions of the Digital Services Act, Europe's key statute controlling online platforms. Significant fines of up to 6% of Meta's worldwide turnover might result from the infractions, if they are verified.
A spokesperson for Meta said in a statement that the company will assist with the investigation.
The spokesperson stated, "We have a well-established process for identifying and mitigating risks on our platforms." "We are eager to work with the European Commission going forward and to give them more information about this project."
This article was originally published on CNN.