Connect with us

Hi, what are you looking for?

Tech News

TikTok’s attempt to stall DMA antitrust rules rejected by EU court

The image shows the TikTok logo superimposed on a white background.
Illustration by Nick Barclay / The Verge

TikTok’s attempt to stall the EU from designating it as a “gatekeeper” — companies with platforms powerful enough that they must follow strict Digital Markets Act (DMA) antitrust rules — has been rejected by a court. Bloomberg reports that the EU’s General Court has dismissed owner ByteDance’s request for an interim measure that would effectively would buy TikTok some more time to implement the regulations, finding that the company “failed to demonstrate the urgency” required.

Although TikTok is appealing the EU’s gatekeeper designation, the bloc still hasn’t reached a final decision yet on the appeal. ByteDance asked for an interim measure in December so it wouldn’t have to comply with the regulations before the EU decided the outcome…

Continue reading…

You May Also Like

Editor's Pick

Jennifer Huddleston Keeping kids and teens safe online is a priority for many parents today. Unsurprisingly, Congress and many state legislatures have also been taking...

Editor's Pick

Nearly two weeks ago, I was discussing in our FREE EB Digest newsletter why I felt Alphabet (GOOGL) was poised for a decline after...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave speaks to weakening short-term breadth conditions as the McClellan Oscillator rotates to a bearish level this...

Editor's Pick

After topping Wall Street’s earnings and revenue expectations on Tuesday, Eli Lilly & Co (LLY) shot up 5% from the prior day’s close, only...