ByteDance loses court challenge against EU gatekeeper label in boost for regulators

Quick Summary:

BRUSSELS : TikTok owner ByteDance on Wednesday lost its court challenge against its designation as a gatekeeper under landmark EU tech rules, in a boost for EU antitrust regulators seeking to rein in the power of Big Tech.

"The Commission was fully entitled to consider that Bytedance was a gatekeeper," judges said.

FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023.

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Category: EconomyBusiness

Markets: SingaporeChinaLuxembourg

Topics: Challenge Court European Bytedance Tiktok Number Users Rivals Designation Gatekeeper Position

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 16:07:17 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21662597

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