The news: Some of the world’s biggest tech platforms are complying with new EU regulations. TikTok, Meta, Google, and Twitter provided information to regulations under a Digital Services Act (DSA) provision that requires “very large” platforms (defined as having more than 45 million active users) to disclose user figures by last Friday, February 17.
Regulatory changes: The pace of regulatory probes in the EU, UK, and US targeting Big Tech’s way of business has sped up considerably in the last year or so, prompting tech companies to make concessions and disclose more info about their markets.
Is it worth the trouble? With regulatory fines piling up in Europe, there’s speculation about whether companies will ditch the combative market—last year, Meta floated the possibility of divesting from the EU entirely to combat regulation, though it later walked that back and relocated Instagram head Adam Mosseri to London.
Our take: Leaving Europe is out of the question for Big Tech, no matter how intense regulation becomes. But these platforms will have to get used to new normals around digital advertising and data privacy if they want to thrive and preempt future regulation.
One Liberty Plaza9th FloorNew York, NY 100061-800-405-0844