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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ3K05P_L.jpgLast month, Meta, which owns Facebook (NASDAQ:META), Whatsapp and Instagram, failed to reach a deal with the Italian society of authors and publishers SIAE, to renew copyright licenses.
As a result, all songs under SIAE’s books have been blocked on its platforms since March 16.
The watchdog said Meta’s conduct was harming competition in the market and ordered the tech giant to resume talks with SIAE.