https://adgully.me/post/4209/facebook-instagram-roll-out-ad-free-experience-in-europe

Facebook, Instagram roll out ad-free experience in Europe

Meta has announced the introduction of a new subscription option in the European Union (EU), European Economic Area (EEA), and Switzerland. This is in response to the evolving European regulatory landscape.This initiative, set to launch in November, allows users of Facebook and Instagram in these regions to make a choice between continuing to access personalized services for free with advertisements or opting for a subscription to enjoy an ad-free experience while ensuring their information is not utilized for ad targeting.Under this subscription model, users in the specified regions will have the opportunity to subscribe for a fee and access our products without advertisements. The pricing structure will vary depending on the platform: €9.99 per month when using the web, and €12.99 per month for iOS and Android. It's important to note that this pricing variation takes into account the fees imposed by Apple and Google through their respective purchasing policies. Until March 1, 2024, the initial subscription fee will cover all linked Facebook and Instagram accounts within a user's Accounts Center. However, starting from March 1, 2024, an additional charge of €6 per month on the web and €8 per month on iOS and Android will apply for each additional account listed in a user's Account Center.But why is Meta implementing this new subscription offering? The company says it is committed to maintaining an ad-supported internet, ensuring that people from all walks of life can access personalized products and services, while also facilitating small businesses in reaching potential customers and driving economic growth in Europe. While advocating for an ad-supported internet, Meta is equally committed to complying with evolving European regulations and respecting their spirit and purpose.This decision aligns with Meta's earlier announcement in August, in which the company expressed its intention to transition users in the EU, EEA, and Switzerland to the "Consent" legal basis as per GDPR for processing data collected on their platforms for advertising purposes. This change was made in response to emerging regulatory requirements in the region, including the interpretation of GDPR by the Irish Data Protection Commission following a recent ruling by the Court of Justice of the European Union and the forthcoming Digital Markets Act.The introduction of the subscription model is aimed at balancing the needs of European regulators, providing users with choices, and enabling Meta to continue serving the people of the EU, EEA, and Switzerland. The Court of Justice of the European Union has explicitly recognized the validity of a subscription-based model as a form of consent for an ad-supported service.For users who opt to continue using Meta's products for free, their experience will remain largely unchanged, with ongoing support for tools and settings that empower individuals to control their ad experience. These tools include Ad Preferences, which offer a range of controls allowing users to influence the ads they see and the data used for ad targeting, as well as tools that explain "Why am I seeing this ad?" and help manage ad preferences.Meanwhile, advertisers will continue to run personalized advertising campaigns in Europe for those who choose to avail of the free, ad-supported online service. Meta remains committed to investing in the development of new tools that preserve the value of personalized advertising for both users and businesses while giving users more control over their ad experience on Meta's platforms.It's important to note that the subscription for an ad-free experience is available to individuals aged 18 and above, and Meta is actively exploring ways to provide teenagers with a useful and responsible ad experience in light of the evolving regulatory landscape.This new subscription model has been factored into Meta's most recent business outlook and guidance. This press release contains forward-looking statements regarding Meta's business outlook and the evolving regulatory landscape. These statements should not be considered as predictions of future events. More information about potential risks and uncertainties related to Meta's business and financial results can be found in the most recent Form 10-Q. Meta undertakes no obligation to update these statements based on new information or future events.
https://adgully.me/post/3827/uks-cma-approves-microsofts-acquisition-of-activision

UK's CMA approves Microsoft's acquisition of Activision

UK’s Competition and Markets Authority (CMA) has approved the Microsoft deal to buy Activision without cloud gaming rights. In August this year Microsoft made a concession that would see Ubisoft, instead of Microsoft, buy Activision’s cloud gaming rights. This new deal will put the cloud streaming rights (outside the EEA) for all of Activision’s PC and console content produced over the next 15 years in the hands of a strong and independent competitor with ambitious plans to offer new ways of accessing that content.As a result of this concession, the CMA agreed to look afresh at the deal and launched a new investigation in August. That investigation has completed today with the CMA clearing this narrower transaction.The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers. It will allow Ubisoft to offer Activision’s content under any business model, including through multigame subscription services. It will also help to ensure that cloud gaming providers will be able to use non-Windows operating systems for Activision content, reducing costs and increasing efficiency.Sarah Cardell, Chief Executive of the CMA said:  The CMA is resolute in its determination to prevent mergers that harm competition and deliver bad outcomes for consumers and businesses.?We take our decisions free from political influence and we won’t be swayed by corporate lobbying.  We delivered a clear message to Microsoft that the deal would be blocked unless they comprehensively addressed our concerns and stuck to our guns on that.  With the sale of Activision’s cloud streaming rights to Ubisoft, we’ve made sure Microsoft can’t have a stranglehold over this important and rapidly developing market. As cloud gaming grows, this intervention will ensure people get more competitive prices, better services and more choice. We are the only competition agency globally to have delivered this outcome.  But businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA.?Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work. Dragging out proceedings in this way only wastes time and money.Martin Coleman, Chair of the Independent Panel who reviewed the original Microsoft deal, said:  Cloud gaming is an important new way for gamers to access games and this deal could have seriously undermined its potential development. On that we, the European Commission and the US Federal Trade Commission are in full agreement. Where we differ is on how we solve that problem. We rejected a solution put to us by the parties which would have left Microsoft with too much control.  We now have a new transaction in which the cloud distribution of Activision games, old and new, is taken away from Microsoft and put into the hands of Ubisoft, an independent party who is committed to widening access to the games.?That’s better for competition, better for consumers and better for economic growth.The decision In its original investigation, the CMA found Microsoft already held a strong position in relation to cloud gaming and blocked the deal. The sale of Activision’s cloud streaming rights to Ubisoft will prevent the distribution of important, popular content – including games such as Call of Duty, Overwatch, and World of Warcraft – from coming under the control of Microsoft in relation to cloud gaming. The restructured deal substantially addressed the concerns that the CMA had following its original investigation, which concluded earlier this year.  The CMA did identify limited residual concerns with the new deal, but Microsoft gave undertakings that will ensure that the terms of the sale of Activision’s rights to Ubisoft are enforceable by the CMA. The CMA consulted on these undertakings and is satisfied that this will provide the safety net needed to make sure this deal is properly implemented.
https://adgully.me/post/2116/egypts-entrepreneur-awards-unveils-third-edition-shortlist

Egypt's Entrepreneur Awards unveils third edition shortlist

Cairo: Egypt's Entrepreneur Awards (EEA), the first platform in Egypt that recognises, and connects Egypt's most innovative, successful, and resilient entrepreneurs, announced a total of 35 shortlisted candidates, as selected by 38 prominent jury members across 11 categories.This year’s edition brought new categories including “Next Gen Intrapreneur of the Year”, “Rising Entrepreneur of the Year”, “Entrepreneur for Good Award” and “From Art to Business”Across all the categories, the 3rd edition of the competition received 286 applications entrepreneurs, and after significant deliberations by a panel of distinguished jury members, 35 numbers of nominees were chosen as finalists.Amr Mansi, EEA’s Founder and CEO, spoke at the shortlisting ceremony about how these finalists, and previous editions’ finalists and winners, are distinguished by their innovative and successful businesses and their tangible impact on their respective industries. “We created this platform three years ago with a mission to recognize local, and now regional entrepreneurs, in a way that acknowledges their journey to success that has not been done before. Through challenging times, these entrepreneurs have shown resilience and created real value for their industries in innovative and tangible ways such as product market fit, growth and financial stability, as well as social impact. They are an unseen force contributing to this economy and a source of inspiration for the next generation of entrepreneurs.” Mansi also thanked EEA’s jury members, who are some of Egypt’s most dynamic and inspirational entrepreneurs, business leaders and industry pioneers.For the first time, the shortlisting event witnessed the “Ideation Competition” that is created by EEA & MINT by EGBANK. The competition targets young entrepreneurs from the age of 18 till 29 years. The young entrepreneurs presented their ideas and will be chosen based on the clarity, usability and scalability of this idea, in addition to its impact socially, environmentally, economically or financial benefits for the community and stakeholders.The jury members will meet to deliberate and interview the finalists over the next few weeks. Selected winners from the 14 categories will be announced at the awards ceremony on the 10th of June in Cairo.EEA is presented by IEvents and powered by Tatweer Misr. The official Bank partner: EGBANK. Orange and Pepsico are both co- partners for this year’s edition.Official Media Partner: Startup scene. Industrial Partner: El Sewedy electric, Official Fashion Partner: Concrete, Payment Solutions Partner: Geidea,Supported by Partner; Dolato Supported by partner; Nestlé. Tech partner: collard, TV Partner; Al Sharq Business , Radio Partners; Nile & Nogoum FM, Ecosystem Partners; She wins Arabia by IFC, Mint by EGBANK, American Chamber( AMCHAM), Endeavor, Entrepreneurs Organizations (EO) and SYNDO. Digital Partner; Yellow & Co, Post production partner; Snappers. Design House; Amr Helmy DesignsBelow are the finalists who have been shortlisted for each category:Fashion Business Award: Maram Aboul Enein -Founder & Creative Director MARAM , Aya Abdelraouf     - Co-Founder BE IDNIE Mounaz Abdelraouf - Co-Founder BE INDIE, Mohamed Abdelraouf - Co-Founder BE INDIE, Vano Alexanian - Co-Founder BE INDIE , Ahmed Hamdi - Founder & Creative Director Nile Eye WearInterior Design Award: Heba El Gabaly - Founder & CEO Efreshli, Nourhan Kanjo - Co-founder & Managing Director KANJO Design House , Dayana Kanjo - Co-founder and Managing Director KANJO Design House, Ahmed Dsuki - Chief Designer BLCK, Amena Mashhour - Chief Designer BLCKFrom Art to Business: Mustafa Sharara - Co-Founder & CEO SYNC School, Omar Heraize - Co-founder & Chief Content Officer SYNC School , Abdelrahman Selim - Co Founder & CEO 2oolameme, Sarah Aboulkhair - Co Founder & CCO 2oolameme, Layla Ghaleb - Co Founder GOODSPACE, Mahmoud Shoukry - Co Founder GOODSPACE.Next Gen Entrepreneur of the Year: Nada El Ahwal - Chief Strategy Officer Transmar, Mohamed Khattab - EVP, b_labs & Digital Commerce B Tech, Mohamed El Kahhal - Managing Director Kahhal 1871Digital Solutions & Customer Experience Award: Rafik Zaher - Co founder Cartona, Mahmoud Talaat- Co founder & CEO Cartona, Mohamed Younes - Co founder & CEO Khazenly , Mohamed Montasser - Co Founder & Chief Experience Officer Khazenly , Osama Al Jammali       - Co Founder & CCO Khazenly , Ahmed Dewidar - Co-Founder & Chief Technology Officer Khazenly , Ahmad Yousry - CEO Rabbit Mart , Ismail Hafez - COO Rabbit Mart , Tarek El Geresy - CFO           Rabbit Mart , Walid Shabana - CTO Rabbit Mart Mohammed Elhorishy - Co Founder & CEO Taager, Abdelrahman Sherief - Co Founder & VP of Growth Taager, Ismail Omar - Co Founder and CTO   Taager, Ahmed Ezzat Kadous - CEO & Co-Founder Pharmacy Marts, Haitham El-Ghotni - Co-Founder & CBO Pharmacy Marts - Ahmed Mazhar - Co-Founder & CSO Pharmacy Marts, Mahmoud Shousha - Co-Founder & Sales Head Pharmacy MartsRising Entrepreneur of the Year: Mohamed Wahid - Founder & CEO Impactyn, Ali Mokhtar - Co-founder & Head of Investment          Impactyn, Amr Zikry- Co-founder & Head of Operations Impactyn, Ramy Radwan           - Co-founder & PR Advisor Impactyn, Omar El Defrawy - Chief Executive Officer Slyndr, Andrew Morcos - Chief Operating Officer Slyndr, Moataz El Etreby - Chairman    Slyndr, Amr Gamal - Co Founder & CEO Octane, Ziad el Adawy - Co Founder & CCO Octane, Hatem Farag - Co Founder & COO Octane, Hatem Mamoun - Co Founder & Engineering Director OctaneEntrepreneur for Good Award: Mustafa Abd Ellatif - Co Founder & CEO E-Youth, DR. Ahmed Fathy- Co Founder & CEO MEDEX, Dr. Ahmed Ibrahim - Co Founder & Ph. Manager MEDEX, Rawia Saeid - Co Founder & Marketing & PR MEDEX, Karim Dabbous - Co founder & CEO E-TadweerExperiential Dining Business Award: Amr Barghash - Co Founder The Sage Experience , Ahmed El Meligy - Co Founder The Sage Experience , Karim Abdelrahman - Executive Chef / Founder Avec Karim, Mona Saeed Mohamed Nassef - CEO Tabali, Mohamed Abdel-Hamid Sabbour - Co-founder, Mohamed Saeed Mohamed Nassef, Vice Chairman of Board of Directors Tabali, Said Mohamed Nassef, Co founder & CEO Impact TabaliSports & Wellbeing Award: Ayman Hakky - Founder & Managing Director Trifactory, Khaled Nagy Ibrahim - Co-founder & CEO SR Padel, Seif Adel Abou Senna - COO SR Padel, Ahmed Ayman- CEO and Co-Founder Linos, Ahmed Shalaby - Sales Director & Co-Founder Linos, Ahmed Sedky - Marketing Director & Co-Founder    Linos, Ahmed El Shamy Co-Founder LinosReal Estate Services Award: Mostafa El Beltagy - CEO Nawy, Aly Rafea - Chief Experience Officer Nawy, Mohamed Abou Ghanima - COO Nawy, Abdel- Azim Osman - Chief Marketing Officer - Nawy, Ahmed Rafea -Chief Business Development Officer Nawy, Ahmed Selim - Founder & CEO Co-55, Farah Selim - Co-Founder & COO Co-55, Norhan Selim - Co-Founder Co-55. Ahmed El Raggal - Co-Founder & COO Partment, Nadim Nagui - Co-founder & CEO Partment, Chinmaya Das - Co-Founder & CTO PartmentFintech / Fintech Enabler Award: Marwan Kenawy - Co Founder & CEO Dsqaures, Ayman Essawy - Co Founder Dsqaures, Momtaz Moussa - Co Founder Dsqaures, Amr Sultan - Co founder & CEO           BInk, Tarek Elsheikh - Co-Founder & Chief Risk Officer BInk, Ahmed Atalla - Co Founder & CEO Raseedi