Meta explores changes to ad policies in Europe: reports

Published Thu, Mar 30, 2023 · 08:06 PM

META Platforms is exploring changes to its policies around personalised and political advertising for users in Europe, according to media reports, as it aims to limit the impact of upcoming European Union (EU) regulations on its ad business.

Meta executives are discussing a ban on political ads in Europe due to concerns that Facebook and Instagram will be unable to comply with the new EU regulations targeting online campaigns, the Financial Times reported on Thursday (Mar 30).

The executives fear the definition of political ads under EU plans will be so broad that it will be easier to refuse all paid-for political campaigns on the company’s sites, the report said, citing two people briefed on the discussions.

Meanwhile, a Wall Street Journal report said Meta may allow European users of Facebook and Instagram to opt out of certain highly personalised ads, and offer a version of its services that would only target them with ads based on broad categories.

The potential policy tweak may happen as Meta faces a compliance deadline for a pair of rulings from Ireland’s Data Protection Commission, which leads enforcement of the EU’s main privacy law for the company, according to the WSJ report.

The European Commission last December warned Meta that it was breaching EU antitrust laws by imposing unfair trading conditions on competing online classified ads services that advertise on Facebook and Instagram.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

EU lawmakers in February agreed to tougher rules on targeted political advertising, aimed at countering misinformation during elections. The proposed rules require US tech giants to provide more data on their targeted political ads, and impose fines up to 4 per cent of their global turnover for breaches.

Meta did not respond to requests from Reuters for comments on the two reports. REUTERS

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here