Online advertising services X Ads and TikTok Ads as such did not qualify as gatekeepers, the EU added.
The Commission said in March that Elon Musk’s X
, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers.
While the EU on Monday said Booking qualified as a gatekeeper, it had opened a market investigation to further assess the rebuttal lodged by X, opposing to such a status.
ByteDance was labelled a gatekeeper in July last year but TikTok has challenged that at Europe’s second-highest court.
The Digital Markets Act (DMA) is one of the most stringent regulations targeting large tech firms’ market dominance. It puts companies under tougher obligations to moderate content, allow fair competition and make it easier for consumers to switch between services.
This week we tracked more than 50 tech funding deals worth over €266 million, and over 10 exits, M&A transactions, rumours, and related news stories a
August was the slowest month YTD, with over €1.9 billion raised in some 203 deals. This figure represents a decrease of around 60 per cent compared to the pr
German fitness startup 7NXT, owner and operator of Gymondo and 7Mind, is acquiring Buddyfit. Founded in 2019 and headquartered in Genoa, Buddyfit offers online
Reonic, a climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, today announces that it has raised a €1