A recent report indicates that Apple and Meta may soon put an end to their regulatory challenges in the EU. The two tech giants are reportedly nearing settlements with the European Commission, potentially averting substantial fines that could have been imposed otherwise.
While the details are not yet confirmed, sources familiar with the discussions between the EC, Apple, and Meta have hinted at positive outcomes.
Notably, Meta is addressing concerns related to its 'pay or consent' practice, where users are given the choice to opt-in to data tracking or pay for a subscription to opt-out. With a recent hefty fine imposed on Meta for this model, negotiations are focused on ensuring user accessibility and transparency in the EU.
Meanwhile, Apple has already made adjustments to its App Store policies following previous scrutiny. The EC is now in talks with the company regarding its contractual terms with developers as part of an ongoing investigation.
Although final decisions are pending, sources close to the discussions express optimism that settlements may be reached soon. Resolving these issues would spare Apple and Meta from potential daily penalties of up to 5% of their global revenue.
