Meta to delay new commercial terms criticised by publishers, advertisers
Meta to delay new commercial terms criticised by publishers, advertisers BRUSSELS, Oct 23 (Reuters) - Meta Platforms META.O will extend the implementation date of updated commercial terms to November 20 from October 30 so it can address concerns from publishers and digital advertisers, the US tech company said on Friday.
Meta's move followed complaints by publishers and digital advertisers to EU and UK antitrust authorities about its new commercial terms, which they said would give the company an unlimited right to use their content for its AI services. Meta has rejected the claims.
"We are extending the effective date of our updated Commercial Terms and Self-Serve Ad Terms to 20 November to allow more time for us to explain to our partners and stakeholders what's changing and what's not," a Meta spokesperson said in an email.
(Reporting by Foo Yun Chee
Editing by Ros Russell)((foo.yunchee@thomsonreuters.com; +32 2 585 28 66))
Recent news on Meta Platforms
See all newsMeta to delay new commercial terms criticised by publishers, advertisers (updated)
Meta to delay new commercial terms criticised by publishers, advertisers
Explainer: Why is Meta creating a new class of non-voting shares amid its AI growth?
Steep bill for AI buildout punishes Meta, other tech favorites (updated)
Blackstone sets up $10 bln test of banks’ AI risk