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ByteDance’s revenue ‘irrelevant’ for TikTok Digital Markets Act designation, EU regulator tells court

By Tono Gil ( April 29, 2024, 17:08 GMT | Insight) -- TikTok owner ByteDance’s “relatively small” revenue in the EU is “irrelevant” to determine whether it is a gatekeeper because its market value is significant enough, the European Commission told EU judges this afternoon. ByteDance argued that the market value threshold is more of a “precarious presumption” of its gatekeeper status, and that officials should have looked at revenue because it is important to understand its “ability to monetize” users.TikTok owner ByteDance’s “relatively small” revenue in the EU is “irrelevant” to determine whether it is a gatekeeper because its market value is significant enough, the European Commission told the EU's General Court this afternoon....

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