Meta warned on Wednesday that European users may face a “worse material” experience after a major organizational decision by the European Commission.
Meta recently presented a “approval or payment” model that leaves users to choose between payment for a monthly subscription or allow Meta to combine the data it collected on Facebook and Instagram.
Last week, the European Convention – the European Union Executive Authority – announced that it decided that the model was not complied with the Digital Markets Law (DMA) and a fine of 200 million euros (171 million pounds).
Meta said in the separation profit statement: “Based on the reactions from the EC with regard to DMA, we expect that we will need some adjustments to our model,” Meta said in the separation profit statement.
Mita said she expects these amendments to “may lead to a more material user experience for European users and a great impact” on her European works and revenues.
The company said that these effects can be entered as soon as the third quarter of this year, and it may be valid while it appeals the decision.
Eric will provide Mobile Dev Memo that Meta may try to convert European users strategically into “voicing fans” for its products amid organizational occurrence.
“What they want in the end is to transform public opinion against this regulatory system, which will destroy the products available to the European Union’s residents,” Septert told the BBC in a telephone interview after the announcement.
Meta, previously known as Facebook, includes the social media network as well as Instagram sharing application and WhatsApp.
The committee said that the Meta or payment approval model does not allow users to agree freely on how to use their data.
The body is currently evaluating another option that Meta presented last year, which the company says is using less personal data to display ads.
Meta was given 60 days to comply with the last DMA decision, or risk more fines.
Apple fine was also issued a fine of 500 million euros (428 million pounds) on the application store practices last week.
The Meta Declaration comes when he issued a quarterly profit that overcomes Wall Street’s expectations.
The results showed that Mita continues to achieve important advertising revenues.
The company described artificial intelligence tools on Wednesday.
“We are making good progress in artificial intelligence glasses and Meta Ai, which now has approximately one billion monthly,” Mita Mark Zuckerberg founder said in a statement.
“Our society continues to grow and do our business very well,” he said.
Matt Breztan, Senior Stock Analysts at Hargreaves Lansdown, said the results showed that Meta had “fully strangled investments in artificial intelligence” and notes.
They also noticed that they are 6 % jumping in daily active users.
“There were some concerns that we might see a slowdown in new users this year, but this was a very strong start and a sign that the Meta family family has a grip on users that are difficult to remove,” said Brezkman.
The fine of the European Commission comes amid what Meta called a “active organizational scene” in its profit report.
The company is currently defending itself in the trial in a case filed by the American Federal Trade Committee, which claims that a dead man runs the monopoly of social media.
FTC, the most important monopoly monitoring in the United States, says Meta has strengthened its monopoly by buying Instagram in 2012 and WhatsApp in 2014.
