EU Industry Chief Breton To Ask TikTok, Google's YouTube For Information On How They Comply With EU Online Content Rules Protecting Minors; EU's Breton Will Send Such Requests For Information To Companies On Friday, Person With Direct Knowledge Says
Portfolio Pulse from Benzinga Newsdesk
EU Industry Chief, Breton, will request information from TikTok and Google's YouTube on how they comply with EU online content rules protecting minors. The requests will be sent on Friday, according to a person with direct knowledge.
November 08, 2023 | 6:09 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Google's YouTube is being asked by the EU Industry Chief for information on how it complies with EU online content rules protecting minors.
The request for information from the EU could potentially lead to regulatory scrutiny or changes in operations if Google's YouTube is found not to be in compliance with EU online content rules. This could negatively impact Google's operations and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be indirectly affected by the EU's regulatory scrutiny of major tech companies like Google's YouTube.
The Vanguard FTSE Europe ETF (VGK) includes a broad range of European companies, including tech companies. Regulatory scrutiny of major tech companies like Google could potentially impact the broader European market and thus VGK. However, the impact is likely to be indirect and less pronounced than for Google itself.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50