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X, ByteDance, Booking.com could face tough EU rules

Economic Times

Economic Times · 1y ago

X, ByteDance, Booking.com could face tough EU rules

X social media platform, owned by Elon Musk, along with TikTok owner ByteDance and Booking.com, could potentially be subjected to stringent tech regulations by the European Commission. The Digital Markets Act (DMA) identifies companies with a significant user base and market capitalization as gatekeepers. These gatekeepers must adhere to certain obligations, including interoperability with rival apps and allowing users to choose pre-installed apps on their devices. The Commission has 45 days to decide whether to designate the companies as gatekeepers, while also considering arguments presented by the companies. Other companies like Alphabet, Amazon, Apple, Meta, and Microsoft have already been designated as gatekeepers.

Related News

Musk's X breached DSA online content rules, EU says

Economic Times

Economic Times · 1y ago

Musk's X breached DSA online content rules, EU says

EU tech regulators have ruled that Elon Musk's social media company, X, breached EU online content rules, potentially leading to fines and operational changes. This follows a seven-month investigation under the Digital Services Act (DSA), which aims to address illegal content and public security risks. X has been singled out for issues like dark patterns, advertising transparency, and restricted data access for researchers. The company could face fines up to 6% of its global turnover if found guilty. Other platforms, including TikTok, AliExpress, and Meta Platforms, are also being investigated under the DSA.

Big Tech to face tougher rules on targeted political ads in EU

Economic Times

Economic Times · 1y ago

Big Tech to face tougher rules on targeted political ads in EU

Tech giants like Facebook, Google, and Twitter may face tougher regulations on targeted political ads in the European Union (EU). The EU is currently considering proposals to impose stricter rules on online platforms to protect the integrity of political elections. These rules could include increased transparency requirements, stricter rules for micro-targeting, and limitations on data collection and use for political advertising. The objective is to prevent the spread of disinformation and ensure fair and transparent elections in the digital age.

EU probes Musk's xAI buyout of X: Bloomberg News report

Economic Times

Economic Times · 24d ago

EU probes Musk's xAI buyout of X: Bloomberg News report

Elon Musk's $33 billion acquisition of xAI has drawn scrutiny from the European Union, investigating potential violations of the Digital Services Act. The EU is particularly focused on the corporate structure of X, following its acquisition. If breaches are found, X could face fines up to 6% of global turnover. Previously, EU antitrust regulators identified X's paid verification as potentially misleading. The EU's investigation is ongoing, and penalties may still be delayed.

Perplexity AI submits bid to merge with TikTok

TechCrunch · 5m ago

Perplexity AI submits bid to merge with TikTok

Perplexity AI has submitted a bid to merge with TikTok US amid potential bans in the US, suggesting a new entity with TikTok US and new equity partners. ByteDance investors could retain their equity. The potential law could force ByteDance to sell or face a ban by January 19. President Trump may grant a 90-day extension, but TikTok might face shutdown without Biden administration assurances. ByteDance insists it won't sell TikTok despite multiple buyer interests.

US tech titans ramp up pressure on EU

Economic Times

Economic Times · 6m ago

US tech titans ramp up pressure on EU

US tech giants, including Mark Zuckerberg and Elon Musk, are challenging the EU's regulatory stance on digital content. Zuckerberg's removal of fact-checking on Meta platforms in the US could have implications for Europe. Despite accusations of "censorship," the EU insists its Digital Services Act promotes freedom of expression. While EU leaders have remained silent on these developments, they face growing pressure to enforce rules more strictly, particularly regarding misinformation and platform regulation.

Microsoft's OpenAI partnership could face EU antitrust probe, sources say

Livemint

Livemint · 1y ago

Microsoft's OpenAI partnership could face EU antitrust probe, sources say

Microsoft's investment of $13 billion in OpenAI could face an antitrust investigation from the European Union (EU), as regulators are gathering evidence to determine if the partnership restricts competition within the EU internal market or if Microsoft's market power distorts the market through certain practices. The EU antitrust regulator has reportedly decided not to investigate the partnership under EU merger rules but may still opt for an antitrust investigation. Microsoft has a non-voting position on the OpenAI board and claims no ownership of the ChatGPT maker. The investigation is still in its early stages and no decision has been made.

Apple to be hit by EU antitrust order in fight with Spotify

Economic Times

Economic Times · 1y ago

Apple to be hit by EU antitrust order in fight with Spotify

Apple could face an EU antitrust order over its dispute with Spotify. The European Commission is expected to issue a preliminary finding stating that Apple violated competition law with its App Store rules. This could lead to a potential fine and a requirement for Apple to change its business practices. Spotify has accused Apple of unfair treatment, claiming that the tech giant gives preferential treatment to its own music streaming service, Apple Music.

EU asked to say how much funding given to Elon Musk's firms

Economic Times

Economic Times · 4m ago

EU asked to say how much funding given to Elon Musk's firms

The EU has been questioned about its funding to Elon Musk's companies amid rising tensions with the US. German Green EU lawmaker Daniel Freund requested the European Commission to disclose detailed EU funding, including grants and subsidies, for Musk's businesses over the past five years. Freund cited concerns over Musk's companies potentially weakening the EU. Elon Musk's social media platform, X, is under EU scrutiny, while Musk accuses the EU of censorship regarding content moderation rules.

Telegram could face greater EU scrutiny

Economic Times

Economic Times · 10m ago

Telegram could face greater EU scrutiny

The European Commission is investigating whether messaging app Telegram has more users in the EU than it claims, which would subject it to stricter digital rules. The probe comes as the platform's founder, Pavel Durov, faces criminal charges in France related to extremist and illegal content on the platform. Under the Digital Services Act, platforms with at least 45 million monthly active users in the EU must comply with additional regulations. Telegram previously stated it had 41 million users in the EU, but has refused to provide updated figures. If found to have over 45 million users, Telegram could face fines and other sanctions.

What happens next for TikTok after court ruling against it?

Economic Times

Economic Times · 7m ago

What happens next for TikTok after court ruling against it?

A US federal appeals court upheld a law requiring China-based ByteDance to divest TikTok in the United States by January 19, 2023, or face a ban. TikTok and ByteDance had sued to block the law, citing free speech concerns, but the court ruled in favor of the government due to national security considerations. The ruling could still be appealed to the Supreme Court. If the ban takes effect, US tech companies allowing users to access TikTok could face fines. The Chinese government's approval would be needed for divestment of TikTok's recommendation algorithm.

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