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Tuesday, April 16, 2024

Meta considers banning political ads in Europe

Meta Platforms Inc may stop all political ads in Europe due to new EU regulations on online campaigns, according to the Financial Times.

The EU rules aim to prevent misinformation during elections by requiring more data from U.S. tech companies on their targeted political ads.

Meta executives fear that the EU definition of political ads will be too wide and that it will be simpler to reject all political campaigns on its platforms.

The European Commission accused Meta of violating EU antitrust laws by harming competition in online classified advertising markets and misusing its dominant position.

Meta did not comment on the report when contacted by agencies.

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