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‘Meta is out of options’: EU regulators reject its privacy fee for Facebook and Instagram
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
My understanding is it actually is enforceable, as other companies also use that clause. Having said that, IANAL.
/agree
Just because everyone does it doesn't make it legal, it just means there aren't penalties for putting it in. That's why everyone goes 5-10mph over the speed limit, lack of enforcement doesn't make something legal.