Snacks
Zoom Out

Stories we’re watching

Snacks / Monday, September 11, 2023

Antitrust issues… The EU named six tech heavyweights as “gatekeepers” under the Digital Markets Act, a landmark regulation that aims to prevent techies from playing favorites with their own products and unfairly controlling (aka: gatekeeping) markets. On the naughty list: Apple, Alphabet, Amazon, Meta, Microsoft, and TikTok owner ByteDance. They have six months to comply with the DMA or face fines of up to 10% of their global annual sales (yikes). The DMA includes a ban on exclusive app stores and self-preferencing (think: pre-installed iPhone apps).

Beyond “Yes I am 18+”… A Texas judge stalled a law that would require adult-content sites like Pornhub to verify visitors’ ages. TX is one of six states that have passed laws requiring these sites to ask visitors for ID uploads (Utah also uses facial-age analysis) and 12+ states have similar bills. Pornhub said its site traffic — which, btw, is the US’s 12th highest — plunged 80% in Louisiana after the state became the first to enact age verification in January. That drop led Pornhub parent MindGeek to shutter its service in several states.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.