TikTok fails to reverse EU decision that triggers annual compliance cost of US$1.5 million

Quick Summary:

TikTok owner ByteDance has lost a legal challenge that sought to reverse a European Union decision that the firm should not favour its own service over rivals.

The European Commission estimated that the annual cost for such compliance will be 1.41 million euros (US$1.5 million) per platform.

In March, the EU slapped fines of 1.8 billion euros on Apple for impeding other music streaming services, a decision that was later challenged by the American giant.

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Article Details

Author / Journalist: Coco Feng

Category: Technology

Markets: Hong KongChina

Topics: Users Other Tiktok Decision Bytedance Company Gatekeeper Annual Platform European Court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 07:00:16 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21688765

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Official Website: scmp.com

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