Zalando challenges supervisory fee for EU online content rules [Reuters]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Reuters
, opens new tab has challenged a supervisory fee aimed at covering EU regulators' costs of monitoring compliance with new European Union tech rules, the third company to take EU tech enforcers to court on the matter. The Digital Services Act (DSA) obliges 20 very large online platforms and two very large online search engines to pay the annual charge amounting to 0.05% of their annual worldwide net income. The size of the annual fee is related to the number of average monthly active users for each company and whether it posts a profit or loss in the preceding financial year. Zalando said it disagreed with the European Commission's fee calculation methodology, which determined its fee using 47.5 million monthly active recipients of a service which differs from the 83 million monthly visitors used to designate the company under another tech legislation known as the Digital Markets Act. Report this ad It said this number is not valid as it includes visitors to its retail busin
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META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/26/24 - Form 144
- 4/25/24 - Form 4
- META's page on the SEC website