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Meta Platforms Inc. (NASDAQ:META) on Friday provided an update on its efforts to comply with the European Union’s Digital Markets Act (DMA), specifically focusing on enabling interoperability between its messaging services—WhatsApp and Messenger—and third-party messaging apps.
Meta acknowledges the technical complexities involved in ensuring privacy and security in third-party chats. The company emphasized that maintaining these standards is a shared responsibility between Meta and the third-party services that choose to interoperate according to Meta itself.
This move represents a shift in how messaging platforms operate within the EU, aligning with regulatory requirements while attempting to offer a seamless and secure user experience. However, the ambitious timeline and the gradual rollout of features suggest that full interoperability will take years to materialize.
Meta Price Action: Meta Platforms shares closed down by 3.21% at $500.27 according to Benzinga Pro.
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Posted In: META