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Meta Wins EU Legal Battle but Stock Dips Amid Regulatory Scrutiny
Meta Wins EU Legal Battle but Stock Dips Amid Regulatory Scrutiny
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BTCCSquare news:
Meta Platforms (META) shares declined despite a Luxembourg court ruling in favor of the tech giant against the European Union's Digital Services Act fee structure. The EU had imposed a 0.05% levy on global net income for compliance monitoring, which Meta and TikTok successfully challenged as methodologically flawed.
The court granted regulators 12 months to redesign the fee framework under a different legal instrument. While the 2023 payments remain unaffected, the decision underscores mounting regulatory risks for Big Tech. Meta's stock reaction suggests investor concerns persist about the long-term financial impact of evolving digital governance.
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