The Stack: EU Commits to GDPR Crackdown; Meta Shares Soar Following Q4 Results

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This week: the European Commission commits to stricter GDPR monitoring, Meta sees shares rise after posting a positive outlook for 2023.

Legal proceedings dominated ad tech this week, with the EU Commission announcing it will overhaul how it monitors GDPR enforcement following pressure from the Irish Council for Civil Liberties. Microsoft, GitHub, and OpenAI also sparred with the law, requesting a copyright lawsuit against the trio be dismissed.

In social media, Meta saw shares soar by 20% after the company posted that its underlying business had improved during Q4 2022. Meanwhile, Elon Musk pushed towards his plan to bring payments to Twitter, with reports the company is developing new software and seeking regulatory approval in the US.

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