If Meta were to fire its fact checkers in the EU, as it announced yesterday it would in the US, it needs to submit a risk assessment to the European Commission first, a spokesperson for the EU institution said.

As platform scales back moderation in line with conservative demands in the United States, it still has to maneuver through stiffer regulations in Europe and elsewhere.

Mark Zuckerberg's claims that EU data laws censor social media were firmly denied by the European Commission, which stated the regulations only target illegal content, not lawful material.

The European Commission is reevaluating its probes into tech giants including Apple , Meta and Alphabet's Google, the Financial Times reported on Tuesday.

The changes will affect Facebook, Instagram and Threads, three of the world's biggest social media platforms with more than 3 billion users globally.

Meta said Wednesday that it will allow some Facebook users to view eBay listings on its Marketplace service, as it tries out a possible way to resolve European Union charges of anticompetitive behavior that the bloc leveled last year.

The year is just a week old and already things are getting shaken up. Meta Platforms’ announcement on Tuesday that it was eliminating its fact-checking program in favor of an X-like community notes feature is a seismic event for social media.

Bay’s stock ended Wednesday’s trading session up 9% after Meta announced that it will permit certain listings to appear on Facebook Marketplace, its well-known platform that links customers for local item pickups and other services.

Shares of eBay surged Wednesday after Meta Platforms said some listings on the auction site will be included in Facebook Marketplace.

Meta said on Wednesday it would launch a test in Germany, France and the United States that will enable buyers to browse listings from eBay on Facebook Marketplace and then complete their transactions on eBay.

Shares of e-commerce company eBay Inc (NASDAQ:EBAY) are trading higher on Wednesday after Meta Platforms Inc. (NASDAQ:META) said it is rolling out a new test that will integrate listings from eBay directly on Facebook Marketplace.

They also accused Meta of gaining an unfair advantage through ad-related data. “While we disagree with and continue to appeal the European Commission’s decision on Facebook Marketplace ...