Meta’s AI raid triggers monopoly abuse investigation

What happened: The UK Competition and Markets Authority opened an investigation into whether Meta is abusing a dominant position through new terms that would let it deploy bots to scrape websites tied to business accounts on Facebook, Instagram, Messenger or WhatsApp. Why it matters: The CMA can block the terms and impose fines if it finds competition law was broken. The News Media Association urged ministers to back the CMA, and Meta said there are no grounds for an investigation. Market: +2.0% today ($624.52), -3.8% YTD — as of 13:15 UTC

The UK Competition and Markets Authority opened an investigation into whether Meta is abusing a dominant position through new terms that would let it deploy bots to scrape websites tied to business accounts on Facebook, Instagram, Messenger or WhatsApp.

The CMA can block the terms and impose fines if it finds competition law was broken. The News Media Association urged ministers to back the CMA, and Meta said there are no grounds for an investigation. Market: +2.0% today ($624.52), -3.8% YTD — as of 13:15 UTC