EU Commission Has Sent Request For Information To Meta And TikTok Under The Digital Services Act
Portfolio Pulse from Charles Gross
The European Union Commission has sent a request for information to Meta Platforms Inc. and TikTok under the Digital Services Act, according to Reuters. The act requires large online platforms to do more to tackle illegal content, misinformation and harmful content online.
October 19, 2023 | 10:20 am
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be indirectly impacted by the EU Commission's request for information under the Digital Services Act, as it could affect the regulatory environment in Europe.
While VGK is not directly mentioned, the request for information under the Digital Services Act could potentially impact the ETF. This is because the act could affect the regulatory environment in Europe, which could in turn impact the performance of European stocks, thereby affecting VGK.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The request for information from the EU Commission to TikTok could indirectly impact the iShares China Large-Cap ETF (FXI), given that TikTok is owned by China-based ByteDance.
While FXI is not directly mentioned, the request for information to TikTok could indirectly impact the ETF. This is because TikTok is owned by ByteDance, a China-based company, and any regulatory actions against TikTok could potentially affect the overall sentiment towards Chinese stocks, thereby impacting FXI.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Meta Platforms Inc. has received a request for information from the EU Commission under the Digital Services Act. This could potentially lead to increased regulatory scrutiny for the company.
The request for information from the EU Commission could potentially lead to increased regulatory scrutiny for Meta. This could negatively impact the company's operations and financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100