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Meta’s ‘pay or consent’ model fails EU competition rules, finds Commission

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Meta’s ‘pay or consent’ model fails EU competition rules, Commission finds

An investigation by the European Commission has found that Meta’s “pay or approve” offer to Facebook and Instagram users in Europe does not comply with the bloc’s Digital Markets Act (DMA), according to preliminary findings reported by the regulator on Monday. . The commission wrote in a press release that the binary choice that Meta … Read more

Judge says Visa, Mastercard likely to have to pay more than $30 billion in skid fees

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A financial expert talks about the “serious” consequences of retail credit cards. A federal judge said this on Friday Visa and Mastercard card issuers may resist a “substantially larger” deal with traders who argued they paid more in slippage fees than the proposed $30 billion settlement it rejected last week. U.S. District Judge Margo Brodie … Read more