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.
European stocks followed Asian markets higher in light pre-holiday trading, buoyed by a rally on Wall Street driven by megacap tech stocks.
Anglo-Portuguese energy tech Arborea has secured €5M in new funding. The round was led by Indico Capital Partners and supported by B
UK-based VC Fuel Ventures has raised a £20M round from Chinese investors including Shijingshan Industrial Fund and Zhongguancun Develo
Security AI startup Mindgard, has raised $8 million funding and appointed a new Head of Product and VP of Marketing. Many AI product