Meta Platforms Inc.: 10-K Risk Factor Changes

2026 vs 2025  ·  SEC EDGAR  ·  2026-07-05
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

0
New Risks
0
Removed
4
Modified
50
Unchanged
🟡 Modified Severity5/10Det 5

Risks Related to Government Regulation and Enforcement

high match confidence

Sentence-level differences:

  • Reworded sentence: "and foreign privacy, data use, data combination, data protection, content and content moderation, competition, youth, safety, consumer protection, advertising, and other laws and regulations, including the General Data Protection Regulation (GDPR), Digital Markets Act (DMA), Digital Services Act (DSA), UK Online Safety Act (OSA), Artificial Intelligence Act (EU AI Act), and the UK Digital Markets, Competition and Consumer Act (DMCC); •the impact of government investigations, enforcement actions, and settlements, including litigation and investigations by privacy, consumer protection, and competition authorities, among others; 12 12 12 Table of Contents Table of Contents •our ability to comply with regulatory and legislative privacy requirements, including our consent order with the Federal Trade Commission (FTC);"

Current (2026):

•government restrictions on access to Facebook or our other products, or other actions that impair our ability to sell or deliver advertising, in their countries; •complex and evolving U.S. and foreign privacy, data use, data combination, data protection, content and content…

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•government restrictions on access to Facebook or our other products, or other actions that impair our ability to sell or deliver advertising, in their countries; •complex and evolving U.S. and foreign privacy, data use, data combination, data protection, content and content moderation, competition, youth, safety, consumer protection, advertising, and other laws and regulations, including the General Data Protection Regulation (GDPR), Digital Markets Act (DMA), Digital Services Act (DSA), UK Online Safety Act (OSA), Artificial Intelligence Act (EU AI Act), and the UK Digital Markets, Competition and Consumer Act (DMCC); •the impact of government investigations, enforcement actions, and settlements, including litigation and investigations by privacy, consumer protection, and competition authorities, among others; 12 12 12 Table of Contents Table of Contents •our ability to comply with regulatory and legislative privacy requirements, including our consent order with the Federal Trade Commission (FTC);

View prior text (2025)

•government restrictions on access to Facebook or our other products, or other actions that impair our ability to sell or deliver advertising, in their countries; •complex and evolving U.S. and foreign privacy, data use, data combination, data protection, content and content moderation, competition, youth, safety, consumer protection, advertising, and other laws and regulations, including the General Data Protection Regulation (GDPR), Digital Markets Act (DMA), Digital Services Act (DSA), Artificial Intelligence Act (EU AI Act), and the UK Digital Markets, Competition and Consumer Act (DMCC); •the impact of government investigations, enforcement actions, and settlements, including litigation and investigations by privacy, consumer protection, and competition authorities, among others; 14 14 14 Table of Contents Table of Contents •our ability to comply with regulatory and legislative privacy requirements, including our consent order with the Federal Trade Commission (FTC);

🟡 Modified We incur significant expenses in operating our business, and some of our investments, particularly our investments in our artificial intelligence initiatives as well as Reality Labs, have the effect of reducing our operating margin and profitability. If our investments are not successful longer-term, our business and financial performance will be harmed. 🔒
🟡 Modified We are currently, and expect to be in the future, party to patent, trademark, and copyright lawsuits and other intellectual property rights claims that are expensive and time consuming and, if resolved adversely, could have a significant impact on our business, financial condition, or results of operations. 🔒
🟡 Modified We may not be able to continue to successfully maintain or grow engaging third-party content on our platform or usage of and engagement with applications that integrate with our products. 🔒
3 more changes in this filing

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