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Meta Platforms: Difference between revisions
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== Regulatory Environment == | == Regulatory Environment == | ||
September 5, 2023: Meta Platforms among those designated as "gatekeepers" of online services by EU commission. Under the European Union’s Digital Markets Act (DMA), companies with more than 75 billion euros in market capitalization and 45 million monthly active users are considered as "gatekeepers". Companies labelled as such will be required to make their messaging apps interoperate with that of rivals and allow users to decide which apps to pre-install on their devices. A fine of up to 10% of annual global turnover will be imposed on any company that violates the DMA act. The penalty can go up to 20% for repeated infringement. The "gatekeepers" will have six months to comply with the DMA obligations<ref>https://ec.europa.eu/commission/presscorner/detail/en/ip_23_4328</ref>. | |||
September 1, 2023: Meta is considering a paid version of Facebook and Instagram with no ads in Europe in order to combat privacy regulations, that's according to the New York Times. However, it doesn't plan to get rid of the free version of Facebook and Instagram. The New York Times did not indicate how much the new version will cost. Meta has not responded to a request for a comment<ref>https://finance.yahoo.com/news/1-meta-may-allow-facebook-174004127.html</ref>. | September 1, 2023: Meta is considering a paid version of Facebook and Instagram with no ads in Europe in order to combat privacy regulations, that's according to the New York Times. However, it doesn't plan to get rid of the free version of Facebook and Instagram. The New York Times did not indicate how much the new version will cost. Meta has not responded to a request for a comment<ref>https://finance.yahoo.com/news/1-meta-may-allow-facebook-174004127.html</ref>. | ||