Summary
- ByteDance, the Chinese owner of TikTok, lost its appeal against being categorized as a “digital gatekeeper” by the European Commission.
- The EU General Court ruled that TikTok exceeded relevant thresholds under the Digital Markets Act, leading to the designation.
- TikTok’s rapid user growth in Europe contributed to its global market value, according to the court.
- ByteDance has the option to appeal the decision at the European Court of Justice.
