Meta And Other Large Online Platforms Should Give Users A Real Choice In Their 'Consent Or Pay' Models, EU Privacy Watchdog Says
Portfolio Pulse from Benzinga Newsdesk
The EU privacy watchdog has stated that Meta and other large online platforms must offer users a genuine choice in their 'consent or pay' models, according to Reuters. This directive emphasizes the need for these companies to ensure that users have the freedom to choose how their data is used without being forced into a payment model.
April 17, 2024 | 3:16 pm
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The EU's directive for Meta to offer genuine choices in 'consent or pay' models could impact user engagement and potentially financial models reliant on data monetization.
The directive from the EU privacy watchdog may require Meta to alter its current data monetization strategies, which could lead to decreased user engagement or increased operational costs. This regulatory pressure is likely to have a negative short-term impact on Meta's stock as the company navigates compliance and potential adjustments to its business model.
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