Tech Behemoths Bend To CMA Rules Over Online Marketplace: Meta To Allow Opt-out Of Data Sharing, Amazon To Boost Fair Competition
Portfolio Pulse from Nabaparna Bhattacharya
The UK's Competition and Markets Authority (CMA) has accepted commitments from Amazon and Meta Platforms to protect fair competition on their respective marketplaces. Meta will prevent the exploitation of its advertising customers' data and grant advertisers more control over their data. Amazon will ensure third-party sellers can compete fairly and customers can access the best deals. An independent trustee will oversee Amazon's adherence to these commitments.
November 04, 2023 | 7:31 pm
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NEUTRAL IMPACT
Amazon has committed to ensuring fair competition on its marketplace, which could potentially increase the diversity of products and deals available to customers. An independent trustee will oversee Amazon's adherence to these commitments.
While the commitment to fair competition could potentially increase the diversity of products and deals available to customers, it's unclear how this will directly impact Amazon's stock price in the short term. Hence, a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Meta has committed to preventing the exploitation of its advertising customers' data and granting advertisers more control over their data. This could potentially impact Meta's advertising revenue.
The commitment to prevent data exploitation and grant advertisers more control over their data could potentially limit Meta's ability to monetize its advertising platform, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100