European Union says Booking must comply with strict tech rules, investigates X
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.
Related
Cherry Ventures raises a new $500M fund for early stage…
It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Pe
Will DeepSeek give European tech firms a boost? – New…
While the US administration has described this development as alarming and a ‘wake up call’ for US tech firms it could bene
US tech giants are rolling back DEI. Its ripple effects…
Big Tech companies like Meta and Amazon have been scaling back their DEI programs.European tech industry insiders say the c
Amdax launches Novelist for simplified crypto asset management
Dutch crypto asset manager Amdax has launched ‘Novelist’ a crypto service provider to make managed crypto investing accessible to t
