EU Commission Sends Requests For Information To YouTube, Snapchat, TikTok On Recommender Systems Under Digital Services Act
Portfolio Pulse from Benzinga Newsdesk
The EU Commission has sent requests for information to YouTube, Snapchat, and TikTok regarding their recommender systems under the Digital Services Act. This move is part of the EU's efforts to ensure compliance with new digital regulations.
October 02, 2024 | 10:12 am
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The EU Commission's request for information from YouTube, owned by Alphabet Inc., could impact the company's operations in Europe as it seeks to comply with the Digital Services Act.
The EU's request for information is a regulatory action that could lead to changes in how YouTube operates in Europe. However, the immediate financial impact is uncertain, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Snapchat, owned by Snap Inc., is under EU scrutiny for its recommender systems as part of the Digital Services Act compliance efforts.
The EU's inquiry into Snapchat's recommender systems is a regulatory issue that may affect Snap Inc.'s operations in Europe. The immediate financial impact is unclear, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80