tl;dr
EU lawmakers have agreed to draft rules requiring major online service providers, including Google and Meta Platforms, to crack down on online child pornography while preserving end-to-end encryption. The draft rule aims to address the issue of child sexual abuse material and has been a topic of deb...
EU lawmakers have agreed to draft rules requiring major online service providers, including Google and Meta Platforms, to crack down on online child pornography while preserving end-to-end encryption. The draft rule aims to address the issue of child sexual abuse material and has been a topic of debate between safety advocates and privacy activists.
The European Commission's proposed rule on child sexual abuse material (CSAM) has prompted discussions regarding online safety measures and privacy concerns. The current voluntary reporting system by companies has been deemed insufficient in protecting children, leading to the need for stricter regulations.
Under the draft, messaging services, app stores, and internet access providers must report and remove known and new content, as well as cases of grooming. The new rules would require internet providers to assess the risk of their services being misused for online child sexual abuse and take measures to mitigate these risks. Additionally, measures to ensure targeted and effective moderation and protection for minors online have been proposed by the Member of the European Parliament (MEPs).
To address concerns about privacy, the draft law would authorize time-limited orders as a last resort to detect and take down CSAM, without including end-to-end encryption in the scope of detection orders. The companies would also be able to select technology to identify such offenses, subject to independent public audit. Additionally, the law would establish an EU Centre for Child Protection to assist in implementing the rules and support internet providers in detecting CSAM.
More about Alphabet Inc Class A
Key Financial Metrics:
- Total Revenue: $1,723,561,935,000
- Revenue Growth: 5.22%
- Net Income: $297,131,999,000
- Profit Margin: 17.1%
Stock Performance:
- Stock Price: $1,717.71
- Change: 0.46%
- EPS: 0.11
Market Sentiment:
Alphabet Inc. is a major player in the technology and computer programming services industry with a strong financial position and steady revenue growth. The stock price has seen a slight increase and the company's profit margin is healthy, indicating positive market sentiment.
More about Alphabet Inc Class C
Key financial metrics for Alphabet Inc Class C include a revenue of $174.21 billion, a net income margin of 23.34%, and a market capitalization of $297.13 billion. The stock performance shows a price of $133.47 per share and a change in price of 0.46 and 0.11% for the day. The market sentiment for Alphabet Inc. is positive, as it is one of the world's most valuable companies and the fourth-largest technology company by revenue, indicating strong investor confidence.
More about Meta Platforms Inc.
Key financial metrics for Meta Platforms Inc. include a market cap of $877.58 billion, a P/E ratio of 30.11, and a dividend yield of 1.679%. The stock has performed well, with a 52-week range of $248.97 to $339.21. Market sentiment towards the company appears positive, with a strong revenue of $126.95 billion and a low debt-to-equity ratio of 0.232.
Disclaimer:
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