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Stock impact report

Facebook could address some U.S. antitrust concerns with new photo transfer tool [Reuters]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: Reuters
Facebook could address some U.S. antitrust concerns with new photo transfer tool WASHINGTON, April 30 (Reuters) - Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time - a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, the social media network said on Thursday. The tool lets Facebook users transfer data stored on its servers directly to another photo storage service, in this case Google Photos - a feature known as data portability. U.S. and Canadian users will be able to access the tool through their Facebook accounts starting Thursday. The function has already been launched in several countries including in Europe and Latin America. It allows the social media company to give users more control over their data and respond to U.S. regulators and lawmakers who are investigating its competitive practices and allegations it has stifled competition Show less Read more
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