Meta Braces for Costly EU Fine Over Marketplace: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: Benzinga
EU Antitrust Investigation: Meta Platforms, Inc. is facing a significant EU fine over allegations of monopolizing the classified advertising market by linking its Marketplace services with Facebook, which may disadvantage competitors.
Regulatory Response and Company Stance: The European Commission plans to charge Meta for non-compliance with new tech regulations, while Meta asserts that the claims are unfounded and emphasizes its collaboration with regulators to demonstrate competitive practices.
Analyst Views on XLC
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 114.630
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Current: 114.630
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
