Facebook parent Meta has changed its data processing rules for those living in the European Union, European Economic Area and Switzerland, saying it would from now on seek consent for targeted advertising.
Companies that act as gatekeepers in the online economy will from now on be subject to a new regulation put in place by the European Union from this month onwards: the Digital Markets Act.
The European Parliament has reached a political agreement that will provide a transparent and safe online environment for its 27 member nations.
New laws put in place by the European Union to limit the market power of big online platforms will give the political bloc the power to fine these companies up to 10% of their global turnover if they do not comply.
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