Mark Zuckerberg – after spending months comfortable for President Donald Trump – will look at the benefits because European technology organizers carry dead. The European Union is expected to impose fines against the social media giant on any day, after it has initially spent in July 2024 that the advertising model on Facebook and Instagram violates the Bloc Digital Markets Law (DMA).
Under the DMA and Digital Services Law (DSA), the European Union can punish Meta financially up to ten percent of its annual revenues – $ 16 billion based on the company’s profits 2024 – for its failure to comply with the regulatory requirements that Zuckerberg was accused of “identifying institutional control” Via social media platforms. According to Wall Street JournalMeta is concerned that the expected DMA model against the Meta “payment or approval” model can affect its European revenues, which represents nearly a quarter of its total profits, by forcing the company to allow European users to restrict customized ads on Facebook and Instagram for free.
Zuckerberg has He actually expressed his hatred of the European Union regulationsAfter Trump called to prevent the European Union from the surprise of American technology companies due to the anti -monopoly violations in January. the Wall Street Journal Reports that Zuckerberg also brought out the executives to describe in recent weeks to push American trade officials to help the company fight the expected fine of the European Union. Zuckerberg himself visited Washington in February to beg for officials for help.
The European Union is under pressure to expand the scope of rear sanctions against American technology companies or risk more revenge over the customs tariff that has already been threatened by the Trump administration. We’ll see how effective the process of preparing for Zuck when the European Union prepares its imminent decision.