In other news, e-scooter rental company Bird has filed for Chapter 11 bankruptcy after laying off nearly a quarter of its staff last year. The bankruptcy filing does not affect Bird Canada or Bird Europe. Meanwhile, Sony has sold 50 million PS5 consoles, despite supply chain issues and the pandemic. It is estimated to have outsold the Xbox Series X and S by three to one this year.
Key takeaways:
- The European Union has designated Pornhub, Stripchat and XVideos as “very large online platforms” (VLOPs) under the Digital Services Act (DSA), subjecting them to stricter rules due to their large user base in the EU.
- The three sites have four months to comply with additional obligations, including measures to prevent the spread of illegal content. Failure to comply can result in fines up to six percent of their annual global revenue.
- E-scooter rental company Bird has filed for Chapter 11 bankruptcy after laying off nearly a quarter of its staff last year. The filing does not affect Bird Canada or Bird Europe.
- Sony has sold 50 million PS5 consoles so far, despite supply chain issues and the pandemic. It is estimated to have outsold the Xbox Series X and S by three to one this year.