) are dipping after European Union regulators issued a preliminary finding accusing the company of violating the Digital Markets Act. The antitrust issue in question is the company's recently introduced ad-supported social networking service.
And in in reality, what what they're saying is that meta is offering two different versions of its products, Facebook and Instagram, uh with two different uh kind of uh rules that users have to follow either you can get meta uh uh excuse me, Facebook or Instagram for free.Uh That's the kind of ad free uh the ad version or you can get an ad free version, but you have to pay for it.
And so this is a big deal for meta because they thought that they were going to be abiding by the new uh D MA rulings.And so they could be on the hook for up to 10% uh of their global revenue.