Elon Musk’s X could face EU antitrust crackdown under new DMA rules
X, TikTok-owner Bytedance and travel website group Booking said they run digital services that could qualify them as so-called gatekeepers under the Digital Markets Act.
core platform service
TikTok joins Meta in appealing against EU gatekeeper status
Under the Digital Markets Act, companies with more than 45 million monthly active users and a market capitalisation of €75 billion are considered gatekeepers providing a core platform service.
Digital competition law: EU Commission unveils its ‘gatekeepers’ list
The European Commission unveiled on Wednesday (6 September) its list of online services designated as “gatekeepers”, which will now have six months to adapt to strict antitrust practices or face up to 20% global annual turnover fines.