Amazon, Apple, Meta, And Other Big Tech Companies Receive Data Requests From EU
Portfolio Pulse from Benzinga Neuro
The European Commission has sent data requests to 17 tech companies, including Apple, Amazon, Microsoft, and Meta, under the EU's Digital Services Act (DSA). These companies, categorized as very large online platforms (VLOP) and search engines, are required to provide information by Feb. 9 about measures taken to allow researcher access to data for EU and national elections and to combat illegal content and goods online. The DSA, effective since last year, mandates stricter actions against illegal content and public security threats. This is part of the EU's efforts to protect user data and promote fair competition, amidst increased antitrust scrutiny of big tech firms.
January 18, 2024 | 2:31 pm
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NEUTRAL IMPACT
Apple Inc. has received a data request from the EU Commission under the DSA and is working on allowing sideloading from third-party app stores to comply with the EU's DMA.
While the request indicates regulatory scrutiny, Apple's proactive compliance with the DMA may mitigate negative impacts. The short-term effect is likely neutral as the market digests the implications.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Amazon.com Inc. is among the companies that the EU Commission has requested data from under the DSA, which could impact its operations in the EU.
Amazon is used to regulatory scrutiny, and the request for data is part of ongoing compliance. The short-term impact is likely neutral, but it underscores the regulatory environment's importance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Booking.com has been contacted by the EU Commission for data under the DSA, which may influence its platform's regulatory compliance.
The data request could lead to changes in how Booking.com operates within the EU, but the short-term impact on the stock is likely neutral as the market assesses the situation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Alphabet Inc.'s Google has received a data request from the EU Commission under the DSA, affecting multiple services including Google Search and YouTube.
Google's wide range of services means the DSA could have various implications, but Alphabet's experience with regulatory compliance suggests a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Alphabet Inc.'s Google, under its GOOGL ticker, is addressing the EU Commission's data request, which could impact its operations and regulatory strategy in the EU.
Similar to GOOG, Alphabet's experience with regulatory matters suggests a neutral short-term impact, but the situation highlights the ongoing regulatory challenges in the EU.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Meta Platforms Inc. has been asked by the EU Commission to provide data under the DSA, potentially affecting its social platforms like Facebook and Instagram.
Meta's inclusion in the data request could lead to operational changes, especially in how it manages content. The short-term impact is likely neutral as the market evaluates the implications.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Microsoft Corp. is among the firms contacted by the EU Commission for data under the DSA, which may affect its services like LinkedIn and Bing.
Microsoft's experience with regulatory compliance suggests a neutral short-term impact, but the request emphasizes the importance of adhering to the DSA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Pinterest has received a data request from the EU Commission under the DSA, which could influence its content management and data practices in the EU.
Pinterest's response to the data request may lead to adjustments in its EU operations, but the short-term stock impact is expected to be neutral as the company assesses the requirements.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Snapchat, operated by Snap Inc., is also subject to the EU Commission's data request under the DSA, which may impact its operations and policies in the EU.
The data request could necessitate changes in Snapchat's EU operations, but the short-term impact on Snap Inc.'s stock is likely neutral as the market considers the implications.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70