Meta Platforms is looking to the Trump administration for assistance in countering regulatory actions from the European Commission. The Commission alleges that Meta's advertising approach violates the Digital Markets Act, particularly its 'pay or consent' model. Despite Meta's commitment to lower subscription prices and offer less personalized ads, it faces potential fines exceeding $1 billion. A spokesperson criticized the situation as an effort to hinder successful American companies while favoring competitors from Europe and China, stressing the matter goes beyond just financial penalties.
Meta CEO Mark Zuckerberg is reportedly seeking help from the Trump administration to fight European Commission fines that threaten Meta's business model.
A Meta spokesperson stated that the Commission's actions appear aimed at hampering American businesses while allowing rivals from Europe and China to continue unchallenged.
Collection
[
|
...
]