Meta down after report says it faces EU charge for failing to police illegal posts

** Meta Platforms' META shares fall 1.4% to $749.71

** META is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines, Bloomberg News reports

** Charge sheet is expected in the coming weeks, report says; if the findings are confirmed, Meta risks a fine of as much as 6% of its annual global sales

** "We disagree with any suggestion we have breached the DSA and we continue to negotiate with the European Commission on these matters" - Meta Spokesperson to Reuters

** Meta has risen 30% YTD, as of last close