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TikTok quizzed by EU on TikTok Lite launch in France, Spain
Economic Times
·
1y ago
Medial
The European Commission has given TikTok 24 hours to provide a risk assessment on its new app TikTok Lite, amid concerns about the potential impact on children and users' mental health. This follows an investigation into TikTok over possible breaches of the Digital Services Act. The Commission has requested more information on the risk assessment, particularly in relation to the protection of minors and potential addictive behavior. TikTok must provide the assessment within 24 hours and additional requested information by April 26, 2024. The Commission will then analyze the response and determine next steps.
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ByteDance gets 24 hours to show EU a DSA risk assessment for TikTok Lite
TechCrunch
·
1y ago
Medial
Chinese company ByteDance, the owner of TikTok, is facing scrutiny from the European Union (EU) over compliance with the Digital Services Act (DSA). The EU is concerned about TikTok Lite, a version of the app that allows users in France and Spain aged 18 and over to earn points for certain in-app activities. The EU has requested information from TikTok about the risk assessment it conducted before launching TikTok Lite, particularly regarding the potential impact on youth mental health and addictive behavior. TikTok has 24 hours to provide the risk assessment and until April 26 to provide further information. The EU could potentially open a formal investigation if compliance failures are identified.
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EU threatens to suspend TikTok Lite app's 'addictive' rewards
Economic Times
·
1y ago
Medial
The European Union (EU) has launched an investigation into TikTok's Lite app and threatened to suspend a feature that rewards users for watching and liking videos due to concerns about child safety. The EU's probe is part of its efforts to enforce the Digital Services Act, which aims to regulate content online. TikTok Lite, a smaller version of the popular TikTok app, arrived in France and Spain in March and allows users aged 18 and over to earn points through a rewards program. The EU is demanding a risk assessment from TikTok and may impose fines or penalties if the company fails to comply.
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TikTok, bowing to EU, withdraws rewards programme
Economic Times
·
1y ago
Medial
TikTok has agreed to permanently remove a feature in its spinoff app, TikTok Lite, in France and Spain. The feature, which rewarded users for watching and liking videos, has been deemed potentially addictive by European regulators. TikTok Lite is a smaller version of the popular TikTok app, designed to use less memory and perform over slower internet connections. This move comes as the European Union's Digital Services Act gains momentum, requiring digital firms to monitor online content to protect users. TikTok is still under investigation for not doing enough to address negative impacts on young people.
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India's Hero MotoCorp to introduce its electric vehicles in Europe
Reuters
·
1y ago
Medial
India's top motorcycle manufacturer, Hero MotoCorp, plans to launch its electric vehicles in the UK and other European markets, starting with Spain and France. The company will introduce its electric scooter brand, VIDA V1, and commence commercial operations in these markets by mid-2024. Hero MotoCorp will also expand its premium range of ICE motorcycles and scooters in Europe. Motogb, GD France, and Noria Motos will serve as the distributors in the UK, France, and Spain, respectively. The company is also focused on expanding its EV presence in India.
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Google to launch anti-misinformation campaign ahead of EU elections
Economic Times
·
1y ago
Medial
Google plans to launch an anti-misinformation campaign in five European Union countries ahead of the parliamentary elections, as concerns about the spread of fake news continue. Through its Jigsaw unit, Google will run animated ads on platforms such as TikTok and YouTube in Belgium, France, Germany, Italy, and Poland. The ads will utilize prebunking techniques developed in collaboration with researchers to help viewers identify manipulative content. Google aims to reach citizens in countries with large voter populations and plans to translate the ads into all 24 official EU languages.
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TikTok launches 'TikTok Pro' in Europe with built-in charity program | TechCrunch
TechCrunch
·
9d ago
Medial
TikTok has introduced "TikTok Pro" in Germany, Portugal, and Spain, featuring a new initiative, the "Sunshine Programme." This lets users earn 'virtual sunshine' by engaging with charity content and inviting others to join. The virtual sunshine can be used to support charities, prompting TikTok to donate. Unlike the standard app, TikTok Pro lacks live-streams, shopping, or ads, focusing on enabling European users to support charities while enjoying TikTok content.
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TikTok prepares to combat misinfo, AI fakes and influence ops ahead of European Union election
Economic Times
·
1y ago
Medial
TikTok is taking steps to tackle misinformation during the upcoming European Union elections by setting up fact-checking hubs within the app. It plans to launch in-app election centers in each of the 27 EU countries next month to help users separate fact from fiction. With concerns about the spread of misleading content and deepfake videos, TikTok is anticipating an increase in misinformation during the election period. The platform will label EU election-related videos and direct users to their country's in-app election center for trusted and authoritative information.
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Finom Raises €50M in Series B Funding
Finsmes
·
1y ago
Medial
Amsterdam-based startup Finom has secured €50m in Series B funding to expand its financial solutions platform for entrepreneurs and freelancers. The funding round was led by Northzone and General Catalyst, with participation from other investors. Finom combines accounting, financial management, and banking services into a mobile-first platform. It currently serves over 85,000 SMEs and individual entrepreneurs across multiple European markets, including Germany, and plans to further expand in France, the Netherlands, Spain, and other regions. The company also has regional hubs in Cyprus, Poland, Spain, and Germany.
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Irish data regulator opens new inquiry into TikTok over data stored in China - The Economic Times
Economic Times
·
1m ago
Medial
Ireland's Data Protection Commission has launched a new investigation into TikTok regarding the storage of European users' data on servers in China. This follows TikTok's previous fine of 530 million euros in May for transferring European data to China. The inquiry focuses on data storage practices by TikTok, which is registered in Ireland as its EU headquarters. Owned by China's ByteDance, TikTok faces scrutiny over its handling of user information.
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TikTok challenges EU supervisory fee, following Meta's footsteps
Economic Times
·
1y ago
Medial
Chinese social media platform TikTok is contesting an EU supervisory fee that covers regulators' monitoring costs under new EU rules. The fee, which is 0.05% of TikTok's annual worldwide net income, was challenged by Meta Platforms as well. As part of the Digital Services Act, 20 large online platforms, including TikTok and Meta, are required to pay the fee based on their average monthly active users and financial performance. TikTok is appealing the fee, citing concerns about flawed user number estimates. The European Commission plans to defend its position in court.
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