Market Chatter: Apple, Meta Oppose Canadian Bill on Weakening Encryption

MT Newswires Live03:01

Apple (AAPL) and Meta Platforms (META) have publicly opposed a Canadian bill that could require them to break the encryption of their devices and services, Reuters reported Thursday, citing companies' statements.

Canada's ruling Liberal Party proposed Bill C-22, which law enforcement officials claim would help them probe security threats earlier and take immediate action, according to the report.

End-to-end encryption means that only the users can access their data without the decryption key, and it is widely used in services like WhatsApp and iMessage, Reuters said.

Apple and Meta did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 292.46, Change: +5.04, Percent Change: +1.75

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