Meta Says Facebook Is 'Free' — EU Threatens To Fine Mark Zuckerberg-Led Social Media Giant

Quick Summary:

The EU has labeled the model as “misleading” and “confusing” for users, and non-compliance could lead to fines.“Consumer protection authorities assessed several elements that could constitute misleading or aggressive practices, in particular, whether Meta provided consumers upfront with true, clear, and sufficient information,” the union stated.

What Happened: The EU’s Consumer Protection Cooperation or CPC Network has given Meta until Sept.1, 2024, to propose changes to its “pay or consent” model, according to a blog post on Tuesday.

The EU has put Meta Platforms Inc. (NASDAQ:META) on notice over its “pay or consent” model for Facebook and Instagram, citing potential violations of consumer protection laws.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesNorway

Topics: EU Benzinga neuro Tech Global Benzinga Social Media Stories That Matter News Instagram META Consumer Tech Facebook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 08:07:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21747950

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