EU Privacy Watchdog To Issue Opinion Saying Meta Can't Charge Users A Fee To Ensure Their Privacy
Portfolio Pulse from Benzinga Newsdesk
The EU privacy watchdog is set to issue an opinion stating that Meta cannot charge users a fee to ensure their privacy, according to Reuters citing sources. This development could have significant implications for Meta's business model in Europe, where privacy regulations are stringent.
April 17, 2024 | 2:07 pm
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The EU privacy watchdog's upcoming opinion against Meta's fee for privacy could challenge the company's revenue strategies in Europe, potentially affecting its stock.
The EU's stance against Meta charging for privacy aligns with strict European privacy laws, potentially forcing Meta to adjust its business model. This could lead to decreased revenue or increased operational costs in Europe, negatively impacting Meta's financial performance and, consequently, its stock price in the short term.
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