The Facebook application on a smartphone arranged in Hastings-on-Hudson, New York.Photographer: Tiffany Hagler-Geard/BloombergMeta Platforms Inc. is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines for violating the bloc’s content moderation rulebook. The European Commission is preparing to issue preliminary findings saying that Meta’s Facebook and Instagram lack an adequate “notice and action mechanism” that would let users flag ...