UK's CMA Accepted Commitments By Google To Address Concerns From Proposals To Remove Third-Party Cookies, Other Functionalities From Chrome Browser
Portfolio Pulse from Benzinga Newsdesk
The UK's Competition and Markets Authority (CMA) has accepted commitments from Google to address concerns regarding its proposals to remove third-party cookies and other functionalities from its Chrome browser.
September 24, 2024 | 1:08 pm
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Google has made commitments to the UK's CMA to address concerns about its plans to remove third-party cookies from Chrome, which could impact advertising revenue and privacy practices.
The acceptance of Google's commitments by the CMA is significant as it addresses regulatory concerns, potentially stabilizing Google's advertising business model. However, the impact on stock price is neutral in the short term as the commitments are aimed at preventing negative regulatory actions.
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