Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

TikTok faces large fine as EU opens probe over breach of digital act

April 24, 2024 Reprints

Social media application TikTok, which is owned by Chinese tech firm ByteDance Ltd., is facing a large fine as well as the suspension of its Lite rewards program after the European Commission opened a formal probe into whether it breached the new Digital Services Act, Proactive Investors reported. The firm must submit a risk assessment report and provide other information, otherwise it faces fines of up to 1% of worldwide turnover and periodic penalties up to 5% of average annual revenue.

Help

TikTok faces large fine as EU opens probe over breach of digital act

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources