Meta accused of breaking European law with its ‘pay or consent' model [CNN]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNN
Late last year, Meta ( META ) launched a service called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions. The European Commission said in a statement Monday that, in its preliminary view, “this binary choice forces users to consent to the (use) of their personal data and fails to provide them a less personalized but equivalent version of Meta's social networks.” If the provisional findings of the Commission's investigation are confirmed, the EU could hit Meta with a fine equivalent to 10% of its global annual revenue. This is a developing story and will be updated. Ad Feedback
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META
News
- Meta ordered to stop training its AI on Brazilian personal data [Verge, The]Verge, The
- How the power of the Minions and Gen Z propelled the ‘Despicable Me' franchise [Los Angeles Times (CA)]Los Angeles Times
- 3 Top Tech Stocks to Buy in July [Yahoo! Finance]Yahoo! Finance
- From 'latte makeup' to 'girl dinners,' TikTok has launched tons of trends. Will its influence last? [Yahoo! Finance]Yahoo! Finance
- Meta banned from mining data to train its AI models in Brazil [Fortune]Fortune
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 7/2/24 - Form 144
- 7/2/24 - Form 144
- 7/1/24 - Form 4
- META's page on the SEC website