The decision on political ads marks the latest in a series of conflicts between Meta and European regulators, who are working to rein in the power and data collection of big tech companies. — Reuters
Meta Platforms Inc will stop selling political and issue-focused advertising in the European Union, citing new regulations that the company believes creates "an untenable level of complexity and legal uncertainty.”
The Facebook and Instagram parent will disband its political advertising business in the EU beginning in early October, according to a recent blog post. The company cited new rules on transparency and targeting of political advertising, which take effect in October and limit the data that can be used to aim political messages at individuals.
