00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta platforms will ban political, electoral, and social issue ads in the EU starting in October,
00:07according to the AFP. Social media giants cited unworkable requirements under the bloc's new
00:12transparency law. EU's transparency in targeting of political advertising rules aimed to increase
00:17online ad transparency by the 2018 Cambridge Analytica scandal. Meta's CEO Mark Zuckerberg
00:22is publicly criticizing EU oversight, calling recent fines tariffs. Meta is currently facing
00:27a $235 million penalty and could incur additional daily fines if it doesn't comply. Google announced
00:33a similar political ad ban for the EU beginning October 2025. Broader EU scrutiny has also impacted
00:39Apple, which adjusted App Store policies to avoid daily fines. For all things money, visit Benzinga.com.
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