Meta and TikTok won a legal challenge over how EU regulators calculated a supervisory fee imposed on them, but the companies will receive no money until officials reformulate the levy, Foo Yun Chee of Reuters reports. The European Commission has 12 months to fix the methodology of the calculations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- Meta spent millions recruiting, sparks tension with current workers, WSJ says
- Analyst Says “XRP Could Hit $300” if Ethereum Hits $25,000. Is This Possible?
- Meta Platforms Whistleblower Claims Put META Stock Under Scrutiny
- Oracle Stock (ORCL) Rallies as Top Analysts Applaud CEO’s Half a Trillion RPO Outlook
- Closing Bell Movers: Oracle spikes 26% after Q1 results