Meta’s (META) social media platforms that include Instagram and Facebook have been ruled “addictive” by the European Union (EU).
Specifically, Meta Platforms has been found to be in breach of the European Union’s digital laws and Europe’s “Digital Services Act.”
A report by the European Commission says that Meta has failed to adequately consider the risks associated with its social media platforms and has disregarded the well-being of users.
The report says minors and vulnerable adults have been most impacted by Meta’s addictive social media products, which include infinite scroll, autoplay, and push notifications.
Meta is facing fines equal to 6% of its annual turnover if the European Commission’s findings are confirmed.
The European finding is similar to court rulings in the U.S. earlier this year that found sites such as Facebook and Instagram are designed to addict teens and youth.
Meta has responded by launching new Teen Accounts aimed at protecting youth and putting parents in control, allowing adults to block access and cap daily screen time at 15 minutes.
META stock has declined 13% over the last 12 months to trade at $631.48 U.S. per share.
