Weird that these mega corps think they can avoid it.
this post was submitted on 20 Jul 2024
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They usually can avoid such thing everywhere else in the world
This is the best summary I could come up with:
LONDON (AP) — TikTok owner ByteDance can’t avoid the bloc’s crackdown on digital giants, a European Union court said Wednesday in a decision that found the video sharing platform falls under a new law that also covers Apple, Google and Microsoft.
The EU’s General Court rejected ByteDance’s legal challenge against being classed as an online “gatekeeper” that has to comply with extra obligations under the 27-nation bloc’s Digital Markets Act.
The rulebook, also known as the DMA, took effect this year and seeks to counter the dominance of Big Tech companies and make online competition fairer by giving consumers more choice.
TikTok had argued that it wasn’t a gatekeeper but was playing the role of a new competitor in social media taking on entrenched players like Facebook and Instagram owner Meta.
The judges, however, decided that since 2018 TikTok had “succeeded in increasing its number of users very rapidly and exponentially” and that it had “rapidly consolidated its position, and even strengthened that position over the following years.”
The Digital Markets Act took effect in March, with a list of dos and don’ts for big tech “gatekeeper” companies aimed at giving users more choices and threatening big penalties if they don’t comply.
The original article contains 269 words, the summary contains 202 words. Saved 25%. I'm a bot and I'm open source!
Dear tiktok,
You don't have to comply with it. You can also get out of the EU. Trust me, it's the easiest way.
Bye!