Meta warns investors that 10% of its global ad revenue is at risk due to EU data flows order

  • Meta’s earning call was positive, with better-than-expected revenue for the quarter.
  • However, Meta warned investors of regulatory risk it is facing in Europe.
  • A decision is expected by May 12 that could result in the tech giant being ordered to take action.
  • This could cause a risk of up to 10% of its global ad revenue.

Via

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