Microsoft Faces Privacy Wrath Over Education Suite: Report
Portfolio Pulse from Shivani Kumaresan
Microsoft is facing privacy complaints from NOYB regarding its 365 Education suite, alleging violations of EU privacy regulations. The complaints focus on data controller responsibilities and user tracking through cookies. NOYB seeks an investigation and penalties from the Austrian Data Protection Authority.
June 04, 2024 | 10:00 am
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NEGATIVE IMPACT
The iShares U.S. Technology ETF, which includes Microsoft, may be impacted by the privacy complaints against Microsoft regarding its 365 Education suite.
As Microsoft is a significant component of IYW, negative news affecting Microsoft could have a minor negative impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft is facing two privacy complaints from NOYB regarding its 365 Education suite, alleging violations of EU privacy regulations. The complaints could lead to an investigation and potential penalties.
The privacy complaints could lead to regulatory scrutiny and potential penalties, which may negatively impact Microsoft's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Technology Select Sector SPDR Fund, which includes Microsoft, may be impacted by the privacy complaints against Microsoft regarding its 365 Education suite.
As Microsoft is a significant component of XLK, negative news affecting Microsoft could have a minor negative impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50