TikTok owner Bytedance loses EU court lawsuit

TikTok owner Bytedance loses EU court lawsuit

TikTok owner ByteDance Ltd. lost bid before European Union court to suspend a decision by regulators to force the video-sharing social media platform to comply with major regulations digital antitrust block.

The EU General Court said that ByteDance “has not demonstrated the urgency required for an interim order to avoid serious and irreparable harm” in an order published Friday.

Last year, the Chinese-owned company requested interim measures alongside its appeal of the EU’s decision to bring TiKTok within the scope of the Digital Markets Act. If granted, this would have halted strict scrutiny of TiKTok until the outcome of the appeal.

“While we are disappointed with the decision, We hope that the merits of our case will be heard quickly.“said a TiktTok spokesperson.

The DMA, which will come into force in March, will impose a rigid regime on companies whose practices have previously resulted in billions of euros in fines and tax orders of the EU control body.

It will be illegal for certain platforms favor their own services over those of their rivals. They will be prohibited from combining personal data in their different services, they will be prohibited from using data they collect from third-party merchants to compete against them and they will have to allow users to download apps from rival platforms.