financetom
Business
financetom
/
Business
/
Meta Platforms Should Address Concerns Over 'Pay or Consent' Model, EU Says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta Platforms Should Address Concerns Over 'Pay or Consent' Model, EU Says
Jul 23, 2024 6:39 AM

09:04 AM EDT, 07/23/2024 (MT Newswires) -- Meta Platforms ( META ) has until Sept. 1 to address concerns that its "pay or consent" model might violate EU consumer law, the EU said Monday.

The EU's Consumer Protection Cooperation Network said n a letter that Meta may be "misleading consumers by using the word 'free'" for users who don't want to pay to subscribe, while requiring users to accept that the company can monetize their personal data through personalized ads.

CPC authorities also said Meta is "confusing users" by forcing them to access different parts of the terms of service or privacy policy to see how the company will use their preferences, personal data, and user-generated data to show them personalized ads.

The EU said if the company doesn't address such concerns, CPC authorities can take enforcement actions, including sanctions.

Meta didn't immediately respond to a request for comment from MT Newswires.

Price: 488.11, Change: +0.71, Percent Change: +0.15

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Norway pauses wealth fund's ethical divestments
Norway pauses wealth fund's ethical divestments
Nov 4, 2025
OSLO (Reuters) -Norway's parliament on Tuesday voted in favour of pausing ethical divestments by its $2.1 trillion sovereign wealth fund, the world's largest, while it updates the fund's ethical guidelines. The move, proposed by the minority Labour government early on Tuesday, came at a time of intense international scrutiny on the fund's ethical divestments. In September, the U.S. State Department...
Humanoid Global Commits US$75,000 to Strategic Investment in HowToRobot
Humanoid Global Commits US$75,000 to Strategic Investment in HowToRobot
Nov 4, 2025
09:24 AM EST, 11/04/2025 (MT Newswires) -- Humanoid Global ( RBOHF ) , which jumped 29% on Monday, announced that it has committed US$75,000 to a strategic investment in HOWTOROBOT HOLDING INC. (HowToRobot). The company earlier Tuesday said HowToRobot intends to support the automation and robotics strategy across its portfolio companies. HowToRobot has become a go-to platform for companies seeking...
Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up
Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up
Nov 4, 2025
Nov 4 (Reuters) - Novo Nordisk and Pfizer ( PFE ) have revised their bids for Metsera ( MTSR ), the obesity drug developer said on Tuesday. Novo's revised offer brings the deal value to about $10 billion, while Pfizer ( PFE ) is now willing to shell out $8.1 billion. The revised bids come as both companies are engaged...
Novo Nordisk Submits 'Superior' Amended Proposal to Acquire Metsera
Novo Nordisk Submits 'Superior' Amended Proposal to Acquire Metsera
Nov 4, 2025
09:24 AM EST, 11/04/2025 (MT Newswires) -- Metsera ( MTSR ) said Tuesday it has received an amended acquisition proposal from Novo Nordisk ( NVO ) that its board determined constitutes a Superior Company Proposal as defined under its existing merger agreement with Pfizer ( PFE ) . The revised proposal values Metsera ( MTSR ) at up to roughly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved