""We acknowledge the European Commission's statement," said Meta. "Personalized ads are vital for Europe's economy." The investigation took place under the EU's landmark Digital Markets Act, which is designed to tackle the power of Big Tech giants and is among the bloc's tech regulations that have drawn fierce pushback from the Trump administration. The announcement comes only days after Brussels launched an antitrust investigation into Meta over its new policy"
"Last week, the commission also fined Elon Musk's X 120 million euros for breaking the bloc's digital transparency rules. The X sanction led to heavy criticism from a wide range of US government officials, including US Secretary of State Marco Rubio who said the fine is "an attack on all American tech platforms and the American people by foreign governments.""
Meta acknowledged the European Commission's statement and said personalized ads are vital for Europe's economy. The investigation was conducted under the EU's Digital Markets Act aimed at curbing Big Tech power. Brussels recently opened an antitrust probe into Meta's policy on AI providers' access to WhatsApp. The DMA has also triggered investigations into Alphabet's search rankings and Amazon and Microsoft cloud services. The commission fined Elon Musk's X €120 million for violating digital transparency rules. US officials, including the US ambassador to the EU and Secretary of State Marco Rubio, criticized the sanctions as regulatory overreach and an attack on American tech platforms.
Read at Ars Technica
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