logo
Meta to pull political ads in EU in response to new disinformation rules

Meta to pull political ads in EU in response to new disinformation rules

Irish Times4 days ago
Meta
will stop running political advertising in the
EU
from October, criticising 'unworkable requirements' under a new European law designed to increase transparency in digital campaigning.
On Friday, the social media giant said it would no longer allow ads related to 'political, electoral and social issues' on platforms such as Facebook and Instagram.
The move comes ahead of the full implementation of the EU's Transparency and Targeting of Political Advertising regulation, which introducing conditions on how online platforms serve political content to users.
The regulation is designed to address concerns around information manipulation and foreign interference in elections, as well as the processing of personal data for political advertising.
READ MORE
It forms part of a broader push by Brussels to safeguard the democratic process and limit disinformation online. While the regulation is already in force, most provisions will only start to apply in October.
Meta's move is in keeping with a more confrontational approach the US tech giant has taken with European regulators since Donald Trump was elected. The group has become one of the most vocal US tech companies criticising the EU's digital rule book, which has become a flashpoint in transatlantic trade talks and a target of criticism from the Trump administration.
Meta said the TTPA regulation introduces 'significant operational challenges and legal uncertainties' and has thus decided to no longer allow such ads on its platforms in the EU. This limitation only applies to ads, so people or candidates can still post about or discuss politics on Meta's platforms.
'We continue to believe online political advertising is a vital part of modern politics, connecting people to important information about the politicians that represent them, and ensuring candidates have a cost-effective way of reaching their audiences,' the company said in a post.
Meta's decision follows a similar decision by Google, which said last year it would stop political advertising before the regulation enters into force.
'Once again, we're seeing Europe's regulatory regime effectively remove popular products and services from the market, reducing choice and competition,' Meta said.
The European Commission has several investigations running as to whether Meta is in breach of the bloc's Digital Markets Act and Digital Services Act.
Earlier this month, Meta also said it would not sign the EU's artificial intelligence code of practice, a set of guidelines that help companies follow the AI Act's rules around general-purpose AI that come into effect in early August.
Meta said the code introduced legal uncertainties and goes far beyond the scope of the AI Act, but other leading US groups such as OpenAI and Anthropic have pledged to sign up to it. --Copyright The Financial Times Limited 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Crypto investors need more detailed warnings about risks involved
Crypto investors need more detailed warnings about risks involved

Irish Times

time11 minutes ago

  • Irish Times

Crypto investors need more detailed warnings about risks involved

Financial regulators can noticeably increase the impact of their warnings about the risk of investing in crypto assets by incorporating 'behaviourally informed' messages about the dangers of losing money, a new study has indicated. Research conducted by the Central Bank of Ireland found that more specific warnings about the risks associated with the asset class, coupled with price volatility information, can improve risk comprehension and perception among at-risk investors. In a research paper published on Tuesday, Central Bank economist Danish Us-Salam said that younger people 'with less investment experience' tend to be the most at-risk of falling prey to bad information about crypto products. 'Inexperienced investors are particularly at risk, as information on social media platforms and aggressive marketing campaigns can positively influence their investment decisions,' he said. READ MORE The research is based on an online experiment in which participants viewed promotions for crypto assets and more traditional stock investments. [ Crypto trading exchange Kraken secures EU-wide licence from Central Bank Opens in new window ] The study found that risk perception increased notably among subjects who were given more behaviourally specific, detailed warnings about risky investments. One such warning given to participants was: 'Don't invest in crypto assets unless you're prepared to lose all your money. This is a high-risk investment. You could lose all your money and are unlikely to be protected if something goes wrong.' Risk comprehension and perception increased among participants exposed to this message compared with those exposed to the standard 'your capital is at risk' warning, typical of many financial products. Mr Us-Salam said the findings support policymakers' mandate to 'design and implement risk communication strategies that are not only informative but also behaviorally cognizant'. He said: 'Enhanced risk warnings that strategically increase the salience of critical information and employ recency effects can lead to better-informed investment decisions, thereby safeguarding individuals at risk of investments in crypto assets.' Central Bank governor Gabriel Makhouf has long taken a sceptical view of crypto assets, saying most explicitly in a blog post two years ago that it 'might be more accurate' to describe them as 'Ponzi schemes' rather than investments. The regulator continues to warn potential investors that crypto assets are not regulated financial products and that consumers 'face the possibility of losing all their money if they buy crypto'.

Tariff deal will result in ‘considerable negative repercussions', German industry warns
Tariff deal will result in ‘considerable negative repercussions', German industry warns

Irish Times

time11 minutes ago

  • Irish Times

Tariff deal will result in ‘considerable negative repercussions', German industry warns

There was a time when German politicians and business leaders hoped having one of their own heading the European Commission would be a good thing. Last weekend's trade agreement between Ursula von der Leyen and Donald Trump put an end to that. 'Von der Leyen has not delivered a deal, rather the surrender of our companies,' said Christoph Ahlhaus, head of the German and European Mittelstand (SME) representative associations. 'We need someone at the head of Europe who fights for our interests. If the commission president is not able to do this then [Chancellor Friedrich] Merz must draw the consequences.' Like Ireland, Germany has huge trade exposure to the US, selling goods worth €161 billion stateside last year. And Germany's US trade surplus of nearly €70 billion makes up a huge part of the EU surplus targeted by the Trump tariff threats . Chancellor Merz , leader of Ms von der Leyen's political home, the centre-right Christian Democratic Union (CDU), has tried to cool tempers. The proposed 15 per cent tariff deal was along the lines he expected, Merz said, but would still cause 'significant damage' to the German economy – in its third year of recession. READ MORE Mr Merz promised Ms von der Leyen his 'full support' for Brussels in 'the negotiations that will now begin'. But that could change – if the hail of abuse from German industry continues. Mr Ahlhaus said Ms von der Leyen was trying to talk up a 'capitulation' that will cause a 'tsunami' of SME insolvencies across Europe. Germany's influential BDI industry federation warned the deal as presented would have 'considerable negative repercussions' and sent 'a fatal signal'. Similarly Germany's chemical trade association VCI said the accord 'avoided an escalation' but left rates 'too high', though it acknowledged: 'When one expects a hurricane, you rejoice at a simple storm.' Germany's BGA exporter federation called the deal a 'painful compromise' bringing an 'existential threat' for many member companies. Senior economists agree, with IFO institute president Clemens Faust calling the deal a 'humiliation for the EU that reflects the imbalance in power'. Through gritted teeth, German Automotive Association president Hildegard Müller said the deal was 'fundamentally good' but would 'cost the German automotive industry billions annually'. German car companies have seen their shares fall on news of the deal. They have given up on Brussels and are reportedly beginning their own direct trade talks with Washington. Already in 2025, a separate 50 per cent tariff on US imports of steel and aluminium have cost the VW group alone €1.3 billion. All automotive firms hope to strike 'scalable' tariff deals with the Trump administration, with import costs dropping for every dollar invested in US production.

Median earnings for men almost €150 higher per week than women, CSO figures show
Median earnings for men almost €150 higher per week than women, CSO figures show

Irish Times

time23 minutes ago

  • Irish Times

Median earnings for men almost €150 higher per week than women, CSO figures show

Median weekly earnings increased by 4.5 per cent last year, new data from the Central Statistics Office (CSO) shows. The median, or mid-point, in weekly earnings – seen as a more reliable indicator of wealth than the mean, which can be distorted by small numbers of high earners – increased to €730.89 in 2024 from €699.28 the year before. Mean weekly earnings rose 5.3 per cent to €942.73. The data also shows that a gender pay gap persists, with median weekly earnings among men at €802.14, almost €150 higher than those among women at €654.07. READ MORE The gender pay gap does not mean unequal pay for the same work, which is illegal, but instead reflects differences in the representation of men and women in higher paid jobs. [ Gender pay gap: Ireland's worst offenders in 2024 on hourly pay Opens in new window ] The data shows some signs the gap is closing, in that median weekly earnings for women have increased by 10.3 per cent since 2022, compared with 8.1 per cent for men. However, more than 20 per cent of jobs paid less than €400 per week, of which 63.2 per cent were made up of female employees. Almost 39 per cent of the jobs in this earnings bracket were taken up by workers aged 15-24 years. In contrast, 12.3 per cent of jobs recorded weekly earnings of €1,600 or more, of which just 34.8 per cent were filled by women. Despite recording the lowest median weekly earnings, 15 to 24-year-olds recorded the largest annual increase in median weekly earnings at 6 per cent from €353.44 to €374.47. Irish nationals accounted for the largest proportion of people in employment at 72.5 per cent, followed by those from the EU excluding Ireland (12.1 per cent). Median weekly earnings among Irish nationals stood at €762.72, which was an increase of 4.8 per cent from €728.03. While Indian nationals recorded the highest median weekly earnings at €876.04, they were the only group from the individually listed nationalities to record a decrease in median weekly earnings, down 0.9 per cent from €883.74. CSO statistician Dr Eimear Heffernan said it was possible the decrease among Indian nationals was linked to the fall in the proportion of Indian people working in a number of 'typically high earning economic sectors'. She said these included information and communication (down 2.1 percentage points); professional, scientific and technical activities (down 0.8 percentage points); and financial, insurance, and property (down 0.3 percentage points). Jobs in the information and communication (€1,440.36) and financial, insurance and property (€1,027.24) sectors recorded the highest median weekly earnings, while the lowest were recorded among jobs in accommodation and food services (€391.62). Despite similar annual increases in weekly earnings among public and private sector jobs, the median weekly earnings among public sector jobs (€1,009.44) were 52.5 per cent higher than those in the private sector (€661.87). The data also show that people working in Dublin are likely to earn more. The median weekly earnings for people usually resident in Dublin were €821.42, which was 12.4 per cent higher than the wider State at €730.89. Furthermore, earnings in Dublin were 36.1 per cent higher than Donegal at €603.67, which had the lowest median weekly earnings.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store