Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

EU says Bluesky is violating information disclosure rules

Published 11/25/2024, 09:12 AM
Updated 11/25/2024, 03:23 PM
© Reuters. FILE PHOTO: Bluesky app logo is seen in this illustration taken November 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) - Bluesky, the rapidly growing social media platform, is violating EU regulations by failing to disclose important details, a European Commission spokesperson told reporters during a daily briefing on Monday.

“All platforms in the EU even the smallest ones which are below the threshold, which is the case for Bluesky,  have to have a dedicated page on their website where it says how many user numbers they have in the EU and where they are legally established. This is not the case for Bluesky as of today,” the spokesperson said.

© Reuters. FILE PHOTO: Bluesky app logo is seen in this illustration taken November 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

He also stated that since Bluesky falls below the threshold and is not classified as a Very Large Platform under the EU's Digital Services Act, the commission has not yet reached out to the company. Instead, it has contacted the 27 national governments to check "if they can find any trace of Bluesky."

Bluesky did not immediately respond to an emailed request for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.