Meta warns of 'worse' experience for European users

Meta warns of 'worse' experience for European users "Based on feedback from the EC in connection with the DMA, we expect we will need to make some modifications to our model," Meta said in its quarterly earnings statement. Last week, the European Commision - the EU's executive - announced it had decided that the model does not comply with the Digital Markets Act (DMA) and fined Meta €200m (£171m). Meta recently introduced a "consent or pay" model which leaves users to choose between paying for a monthly subscription or letting Meta combine data it has collected on Facebook and Instagram. Meta warned Wednesday that European users could face a "materially worse" experience following a key regulatory decision by the European Commission. Meta said it expected those modifications "could result in a materially worse user experience for European users and a significant impact" to its European business and revenue. The company said those impacts could kick in as soon as the third quarter ... Read full article.