Meta, which is the parent company behind Facebook & Instagram recently announced changes to its privacy policies. According to Meta, these changes were made to make it easier for the consumers to understand how their information is being used.
Meta, formerly known as Facebook, has been under massive criticism by the general public and even regulators for its use of customers' data.
According to Meta, users who do not wish to accept the new changes are totally free to leave our services. And if they agree to the new changes, they do not need to do anything - The usage of Meta services by the users means that they have already accepted the new policies.
Simplifying The Complex Policies
These changes will become live from 26 July and will simplify the complex policies of different Meta products. Its been years since the regulators and the privacy legislators have been calling for a more comprehensive policy from the Meta.
A few months back, the company was also wanted about regulatory headwinds that could put a road back into future growth. And in 2008, Meta was fined 14.4 million GBP for breaching the data privacy laws of the EU.
So it seems that the changes like these are an attempt to avoid the hefty fines while also getting in line with what the regulators want from the company!