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From overhauling online platforms to backroom engineering, Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday.The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered growth. Criticism from rivals and users and cautionary comments from watchdogs suggest a…

March 7 marks the day that six major tech companies — Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft — must provide compliance reports for the European Union’s Digital Markets Act, which has been in effect since May 2023. Here is how these so-called “gatekeeper” companies have complied so far and who else the DMA may apply to. The big change effective March 7: App developers can expect to see new fees on the Google Play Store if they want to direct users to sites or apps outside Google’s ecosystem. The…

A U.S. House Republican leading a legislative push to force China's ByteDance to divest TikTok in the United States or face a ban says American investors should urge China to allow a sale.Representative Mike Gallagher, who chairs a House panel on China, introduced legislation on Tuesday with Representative Raja Krishnamoorthi, the panel's top Democrat, that would give ByteDance about six months to sell TikTok or face a ban citing national security concerns. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Wall Street Journal: Sources: ByteDance reports Q3 revenue up 43% YoY to $30.9B, $84.4B in January to September 2023 revenue, above 2022's $85.2B, and starts staff share buybacks — The Chinese company kicked off a new round of share buybacks, offering $170.81 a share to current employees Wall Street Journal: Sources: ByteDance reports Q3 revenue up 43% YoY to $30.9B, $84.4B in January to September 2023 revenue, above 2022's $85.2B, and starts staff share buybacks — The Chinese…

A bipartisan group of U.S. lawmakers introduced legislation on Tuesday that would give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban.Representative Mike Gallagher, the Republican chair of the House of Representatives' select China committee and Representative Raja Krishnamoorthi, the top Democrat, are introducing legislation along with more than a dozen other lawmakers to address national security concerns posed by Chinese ownership of the app.Elevate Your Tech Prowess with…

A group of lawmakers have introduced a new bill that would force ByteDance to sell TikTok in order for the app to remain available in the United States. The “Protecting Americans from Foreign Adversary Controlled Applications Act” would prohibit US app stores and web hosting services from distributing TikTok unless it divested from parent company ByteDance.The bill is the latest in a long line of attempts by lawmakers and other officials to ban or force a sale of the app. Former President Donald Trump attempted to force…

Elon Musk's social media platform X could face a raft of new European Union rules that place curbs on the behavior of some of the world's largest technology firms, after the company told regulators it may meet criteria to fall under the scope of the bloc's Digital Markets Act. The DMA, set to take effect on Thursday, lays out a series of dos and don'ts for the likes of Alphabet Inc.'s Google Search, Apple's Safari, Amazon.com Inc. and Meta Platforms Inc.'s Facebook among others. It could also be applied to Musk's X, as…

Elon Musk's X social media platform, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers, the European Commission said late Friday, after notifications by the companies.The Digital Markets Act (DMA) designates companies with more than 45 million monthly active users and 75 billion euros ($81 billion) in market capitalisation as gatekeepers providing a core platform service for business users.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The European Commission has opened formal proceedings against ByteDance's TikTok under the Digital Services Act (DSA), according to a document seen by Reuters, to see if the social media platform is doing enough to protect children."The protection of minors is a top enforcement priority for the DSA. As a platform that reaches millions of children and teenagers, TikTok must fully comply with the DSA and has a particular role to play in the protection of minors online," said EU Commissioner Thierry Breton, in the…

After designating social media as a "public health hazard" in late January, New York City is now suing Meta, Google, Snap and TikTok for "fueling nationwide youth mental health crisis." Specifically, these companies face three counts in the lawsuit: public nuisance, negligence and gross negligence. The Mayor Eric Adams administration accuses TikTok, Instagram, Facebook, Snapchat and YouTube of "endangering our children's mental health, promoting addiction, and encouraging unsafe behavior."These are allegedly achieved by…