Meta Shares Slide 11% in June as Trump AI Review Push and EU Child Safety Probe Escalate

Meta closed June down 11% amid mounting regulatory pressure and investor concerns over AI spending. The Trump administration continues pressing the company—the only major U.S. AI developer without an agreement—to submit models for voluntary federal security reviews. This coincides with the EU’s June 9 interim order forcing free WhatsApp Business API access for rivals and its June 23 escalation of the Digital Services Act probe into addictive design targeting minors. Earlier milestones include Italy dropping its WhatsApp AI investigation on June 8, Canada’s June 11 under-16 social-media ban proposal, and Meta’s $900 million investment in Indian fintech CRED. Wall Street lifted the 12-month price target to $815.82 despite the overhang.