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‘Meta is out of options': EU regulators reject its plan to charge users for privacy [Fortune]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Meta introduced the subscriptions late last year in an attempt to grapple with the implications of a bombshell July ruling by the EU's highest court, which found that Meta had no legal basis for tracking its users across its services and third-party sites unless it got their express consent to do so. But privacy advocates swiftly complained , arguing that it's not real consent if the only alternative is shelling out yet another monthly subscription fee—originally as much as €12.99 ($13.82) for an account used on both mobile and the web, before Meta last month proposed a drop to €5.99 as a way of mollifying its critics. Today, Politico first reported that the European Data Protection Board (EDPB)—the umbrella organization for the EU's various privacy regulators—had decided that the privacy advocates complaining about what they derisively called Meta's “pay or okay” model had a point. “In most cases, it will not be possible for large online platforms to comply with the requirements
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