EU Court Upholds TikTok's 'Gatekeeper' Status Under Digital Markets Act
ByteDance's challenge against the designation is rejected, reinforcing stringent regulations on major tech firms.
- TikTok's parent company ByteDance argued it shouldn't be classified as a digital gatekeeper but lost the case.
- The EU's General Court ruled that TikTok meets the necessary thresholds for the Digital Markets Act.
- The court emphasized TikTok's rapid growth and significant user base within the EU.
- ByteDance has two months to appeal the decision to the European Court of Justice.
- TikTok faces additional scrutiny and potential bans in both the EU and the US.