TikTok, the Chinese language social media brief video platform, is the newest tech big to struggle a supervisory price mandated by the EU beneath the brand new Digital Providers Act (DSA). This price, set at 0.05% of an organization’s annual worldwide internet revenue, goals to finance the bloc’s monitoring of compliance with the DSA’s guidelines. TikTok follows Meta Platforms, which beforehand contested the price.
The DSA targets 22 “Very Massive On-line Platforms” (VLOPs) and “Very Massive On-line Search Engines” (VLOSEs), together with TikTok, Meta, Google, Apple, and two others. The price dimension considers every firm’s common month-to-month lively customers and their earlier 12 months’s monetary efficiency (revenue or loss).
TikTok objects to the price on a number of grounds:
* They disagree with the price itself.
* TikTok claims that the calculations depend on inaccurate third-party estimates of their lively person numbers.
The European Fee, nevertheless, stands agency on its determination and methodology. It confirms that every one VLOPs/VLOSEs met the December 2023 deadline for cost. Notably, firms like Amazon and Elon
Musk’s X, which reported losses in 2022, escaped the 2023 price however face fees in 2024 resulting from returning to profitability.
The DSA targets 22 “Very Massive On-line Platforms” (VLOPs) and “Very Massive On-line Search Engines” (VLOSEs), together with TikTok, Meta, Google, Apple, and two others. The price dimension considers every firm’s common month-to-month lively customers and their earlier 12 months’s monetary efficiency (revenue or loss).
TikTok objects to the price on a number of grounds:
* They disagree with the price itself.
* TikTok claims that the calculations depend on inaccurate third-party estimates of their lively person numbers.
The European Fee, nevertheless, stands agency on its determination and methodology. It confirms that every one VLOPs/VLOSEs met the December 2023 deadline for cost. Notably, firms like Amazon and Elon
Musk’s X, which reported losses in 2022, escaped the 2023 price however face fees in 2024 resulting from returning to profitability.