Data Access

words.The EU has fined X (formerly Twitter) €120 million for breaching the Digital Services Act, citing a misleading blue verification badge, an opaque advertising repository, and denial of researcher access to public data. X has 60 days to redesign the check‑mark UI and 90 days to overhaul its ads API and provide secure data endpoints, or face additional penalties. The sanction coincides with an EU antitrust probe of Meta and highlights the bloc’s tough stance on “big tech,” prompting X to address compliance, advertiser trust, and technical challenges quickly.

JPMorgan Chase has finalized agreements with fintech intermediaries, including Plaid and Yodlee, representing over 95% of data pulls from its systems, to guarantee compensation for customer data access. This resolves a long-standing dispute over data sharing. The agreements, while touted as a free market solution by JPMorgan, are viewed by some as anti-competitive and a barrier to entry for smaller fintech companies. The move could influence other banks to charge for data access, reshaping the open banking landscape, sparking concerns about its impact on innovation and consumer costs.

The European Commission preliminarily finds TikTok and Meta possibly violated the Digital Services Act (DSA) due to inadequate data access for researchers. Meta’s Facebook and Instagram allegedly lack effective mechanisms for reporting illegal content. Both companies dispute the findings, citing efforts to comply. TikTok also raises concerns about DSA-GDPR conflicts. The EU emphasizes data access for understanding social impacts. If violations are upheld, fines could reach 6% of global turnover. This underscores increasing EU regulatory pressure on Big Tech to promote transparency and user rights.