The EU Commission has launched an investigation into Meta, specifically Facebook and Instagram, for allegedly not addressing deceptive advertising and disinformation leading to the European Parliament election; concerns include lack of transparency in moderation and advertising practices, which could enable coordinated disinformation campaigns, with Meta given five days to address EU worries or face fines up to 6% of its global annual turnover under the Digital Services Act.
https://www.infosecurity-magazine.com/news/eu-probe-faceboo-instagram/