TikTok And YouTube Under Scrutiny: EU Reportedly Seeks Clarity On Child Safety Measures
Portfolio Pulse from Benzinga Neuro
The EU's industry chief, Thierry Breton, is set to seek information from Alphabet Inc.’s YouTube and ByteDance-owned TikTok regarding their child protection policies. This is part of a wider effort to ensure tech giants align with new EU regulations, known as the Digital Services Act (DSA), which require tech companies to increase efforts against harmful and illegal online content, particularly those targeting minors. Non-compliance with DSA could lead to fines of up to 6% of a company’s global turnover.
November 09, 2023 | 1:43 am
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Alphabet Inc.'s YouTube is under scrutiny by the EU's industry chief regarding its child protection policies. Non-compliance with new EU regulations could lead to fines of up to 6% of the company's global turnover.
The news directly mentions Alphabet's YouTube and its child protection policies. The potential for hefty fines due to non-compliance with new EU regulations could negatively impact Alphabet's financials and reputation, thus potentially affecting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc.'s YouTube is under scrutiny by the EU's industry chief regarding its child protection policies. Non-compliance with new EU regulations could lead to fines of up to 6% of the company's global turnover.
The news directly mentions Alphabet's YouTube and its child protection policies. The potential for hefty fines due to non-compliance with new EU regulations could negatively impact Alphabet's financials and reputation, thus potentially affecting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Meta Platforms Inc. was mentioned in the context of a former engineer testifying about the company's knowledge of risks teens face on its platforms and its insufficient protective measures.
The news mentions Meta Platforms in the context of its knowledge of risks teens face on its platforms. This could potentially harm the company's reputation and affect its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50