Meta Updates On Third-Party Chat Integration For WhatsApp And Messenger In Europe
Portfolio Pulse from Vaishali Prayag
Meta Platforms Inc. is working to comply with the EU's Digital Markets Act by integrating third-party chat features into WhatsApp and Messenger for European users. This move aims to enhance user experience and align with regulatory requirements, although full interoperability will take years to achieve.
September 06, 2024 | 8:05 pm
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Meta Platforms is integrating third-party chat features into WhatsApp and Messenger to comply with the EU's Digital Markets Act. This regulatory move aims to enhance user experience but will take years for full implementation.
Meta's integration of third-party chat features is a significant regulatory compliance step, but the gradual rollout and long timeline for full interoperability suggest a neutral short-term impact on stock price. The 3.21% drop in share price may reflect market uncertainty about the timeline and technical challenges.
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