FALCON POWERS – The European Union, through the issuance of this law, aimed to prevent these companies from taking actions that could be anti-competitive. It imposes strict rules on institutions whose practices in the past have led to fines estimated at billions of dollars and tax decisions taken by the European supervisory authority.
On Wednesday, the European Court of Justice rejected the appeal filed by the TikTok platform against the new digital rules set by the European Union.
The Commission had issued a decision targeting the Chinese platform and other platforms, requiring them to comply with the Digital Markets Act (DMA) law, which forces large tech companies to make major changes to the way they operate.
The European Union, through the issuance of this law, aimed to prevent these companies from taking actions that could be anti-competitive. It imposes strict rules on institutions whose practices in the past have led to fines estimated at billions of dollars and tax decisions taken by the European supervisory authority. In the grounds of the judgment issued by the European judiciary, Deputy President of the Court Savas Papasavvas said that “the court dismisses the appeal and orders ByteDance, the owner of the TikTok platform, to pay the costs of the appeal proceedings.”
