Meta Platforms slips as EU court rules in favor of regulator info request
Justin Sullivan
Meta Platforms (NASDAQ:META) shares slipped around 0.5% in pre-market trading on Wednesday after a European Union appeals court ruled in favor of a request by the bloc's antitrust regulator for more information about Facebook's marketplace.
The General Court, the E.U.'s second highest court, said the European Commission's request for documents was legal and that Meta Platforms Ireland had not "not successfully demonstrated that the request to provide documents to be identified by search terms went beyond what was necessary."
In addition, the Court found that the U.S. tech giant did not "ensure that sensitive personal data was sufficiently protected," despite the presence of a virtual data room, according to Reuters.
Earlier this week, Meta Ireland was fined $1.3B by Ireland's Data Protection Committee over privacy violations.
A Meta (META) spokesman did not immediately respond to a request for comment from Seeking Alpha. 
Meta is the subject of two different lawsuits on the matter: T-451/20 Meta Platforms Ireland v Commission as well as T-452/20 Meta Platforms Ireland v Commission.
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