TECH - Meta's 'Pay Or Consent Model' To Draw Charges From EU: Report | Benzinga
The European Union (EU) is reportedly gearing up to charge Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, with a breach of its digital regulations. This news comes just a week after a similar case was initiated against Apple Inc.
What Happened: The European Commission plans to utilize its new powers under the Digital Markets Act, Financial Times reported on Monday. The Act, effective from March, is designed to boost consumer choice and promote the growth of European startups. Tech giants, including Meta, must adhere to these regulations from March onwards.
The regulators are likely to raise concerns about Meta’s “pay or consent” model. This model gives users the option to use social networks for free in exchange for ...