"According to a new report today, Apple and Meta's regulatory woes in the EU are almost over. Both companies are allegedly close to settling their antitrust cases with the European Commission (EC), which will definitely be good for them as they'd avoid some additional hefty fines that the EC might impose otherwise. This information isn't official yet, the report says it comes from "officials briefed on the discussions" between the EC on one side, and Apple and Meta respectively on the other."
"These unnamed European officials have told the Financial Times that there is now "growing optimism" for finding "a workable solution" when it comes to Meta's 'pay or consent' model, where the Facebook and Instagram owner forces users to either consent to its very extensive data tracking or pay a monthly subscription to get rid of it. Meta has already been fined €200 million for this."
Apple and Meta are reportedly close to settling EU antitrust investigations with the European Commission, potentially avoiding hefty fines and daily penalties. Officials briefed on the discussions express growing optimism about finding workable solutions for outstanding issues. For Meta, the central issue is its 'pay or consent' model, which requires users to either consent to extensive data tracking or pay a subscription; Meta has been fined €200 million. Regulators are focused on ensuring consumers can easily find and navigate the options. For Apple, the company announced App Store policy changes in June and the Commission is discussing further changes related to developer contracts. No final EC decisions have been made.
Read at GSMArena.com
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