Bloomberg Reports Threads will not launch in EU "at this point."

Attached: 1 image Bloomberg also reports that will not launch in the EU. Yesterday, the Irish Data Protection Commission said that Threads will not be rolled out in the EU "at this point". Now, Bloomberg also reports the same, stating that Meta is waiting on more regulatory guidance on the DMA. The EU is expected to give more guidance in September. Irish DPC: https://www.independent.ie/business/technology/no-instagram-threads-app-in-the-eu-irish-dpc-says-metas-new-twitter-rival-wont-be-launched-here/a1927220337.html Bloomberg: https://www.bloomberg.com/news/articles/2023-07-05/meta-won-t-offer-threads-app-in-the-eu-on-regulatory-concerns?sref=xuVirdpv?utm_medium%3Dsocial Bloomberg (archive): https://archive.ph/fQyFT#selection-4203.1-4203.61

Meta Platforms Inc.’s Threads app — the social network rolling out this week to take on Twitter Inc. — won’t be offered in the European Union as the company works out how data sharing between the new platform and its Instagram app will be regulated. 
Meta is waiting for more guidance around the Digital Markets Act, new EU competition rules that govern how large online platforms use their market power, a person familiar with the matter said, asking not to be identified discussing the company’s thinking. The European Commission is currently discussing the regulations with companies and is expected to give more guidance in September.
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