Tech giant Meta’s (NASDAQ:META) woes do not seem to end. The latest blow came from Europe, as European Union regulators ruled against forced personalized ad displays on Meta’s social media platforms, Facebook and Instagram. Following the report, shares of Meta plunged 6.8% by market close, Tuesday. Shares of other social media platform providers reliant on digital ad revenues, like Alphabet (NASDAQ:GOOGL), Snap (NYSE:SNAP), and Pinterest (NYSE:PINS), also declined 2.51%, 6.7%, and 5.1%, respectively. Meta’s AI-powered targeted ad model involves running personalized ads based on the users’ digital activity on its own platforms, without their consent.
https://www.tipranks.com/news/metas-nasdaqmeta-targeted-ad-model-at-risk-stock-plunges?utm_source=advfn.com&utm_medium=referral