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Stock impact report

YouTube to reduce streaming quality in Europe due to coronavirus [Reuters (UK)]

Alphabet Inc. - Class C Capital Stock (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
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Company Research Source: Reuters
YouTube to reduce streaming quality in Europe due to coronavirus - Reuters 2 Min Read BRUSSELS (Reuters) - Alphabet Inc’s ( GOOGL.O ) YouTube said on Friday it will reduce its streaming quality in the European Union to avert internet gridlock as thousands of Europeans, constrained by the coronavirus outbreak, switch to working from home. YouTube is the second company after Netflix ( NFLX.O ) to act after EU industry chief Thierry Breton urged streaming platforms to cut the quality of their videos to prevent internet overload. Videos account for a substantial part of internet traffic data. The move came after Breton spoke to Alphabet CEO Sundar Pichai and YouTube CEO Susan Wojcicki. The company said so far it had only seen a few usage peaks but decided to act to minimise stress on the system. “We are making a commitment to temporarily switch all traffic in the EU to standard definition by default,” the company said in a statement. A spokesman said the decision includes Britain and Show less Read more
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