FINWIRES · TerminalLIVE
FINWIRES

Meta Platforms Faces Two Probes by Irish Regulator Regarding Facebook, Instagram Feeds

By

Meta Platforms (META) is facing two formal investigations by Coimisiun na Mean over its Facebook and Instagram services under the EU Digital Services Act, the Irish regulator said Tuesday.

The probes will assess whether the platforms breached provisions of the DSA related to user choice and interface design, including whether so-called "dark patterns" may have limited users' ability to select content feeds not based on profiling.

The investigations will examine whether users can easily access and modify their preferred "recommender systems" and whether the platforms' interfaces may mislead or manipulate users away from opting out of personalized feeds, the regulator said.

Coimisiun na Mean said it is coordinating with the European Commission and other EU regulators on the matter. If violations are found, Meta could face fines of up to 6% of its turnover, according to the regulator.

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

Price: $601.57, Change: $-8.89, Percent Change: -1.46%

Related Articles

Wire

IAC Q1 Loss Narrows, Revenue Falls; Shares Drop After Hours

IAC (IAC) reported a Q1 loss late Monday of $0.94 per diluted share, narrowing from the loss of $2.64 a year earlier.Analysts polled by FactSet expected a loss of $0.37.Revenue in the three months ended March 31 fell to $422.9 million from $481.7 million a year earlier.Analysts surveyed by FactSet expected $520.3 million.IAC shares fell 8.6% in after-hours trading.

$IAC
Wire

Vornado Realty Trust Q1 Non-GAAP FFO, Revenue Fall; Shares Drop After Hours

Vornado Realty Trust (VNO) reported Q1 non-GAAP funds from operations late Monday of $0.52 per diluted share, down from $0.63 a year earlier.Analysts polled by FactSet expected $0.51.Revenue in the three months ended March 31 fell to $459.1 million from $461.6 million a year earlier.Analysts surveyed by FactSet expected $431.7 million.Vornado shares fell 3% in after-hours trading.

$VNO
Wire

GeneDx Q1 Swings to Adjusted Loss, Revenue Rises; 2026 Revenue Guidance Lowered; Shares Fall

GeneDx (WGS) reported Monday Q1 adjusted loss of $0.28 per diluted share, swinging from an adjusted earnings of $0.31 a year earlier.Analysts polled by FactSet expected loss of $0.02.Revenue for the quarter ended March 31 was $102.3 million, up from $87.1 million a year earlier.Analysts surveyed by FactSet expected $112.5 million.For Q2, the company expects revenue of $110 million to $112 million. Analysts expect $130.3 million.The company now expects 2026 revenue of $475 million to $490 million, down from $540 million to $555 million expected earlier. Analysts expect $550.0 million.Shares of the company were down over 45% during after-hours activity.

$WGS