TikTok Facing Threat of EU Fines in Digital Content Clampdown

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TikTok faces a probe under the bloc’s Digital Services Act, which empowers regulators to levy fines of as much as 6% of annual sales or ban repeat offenders from the EU. Photo: Bloomberg

(Bloomberg) — TikTok owner ByteDance Ltd. risks heavy European Union penalties under tough new content rules for Big Tech after regulators announced a formal investigation into its alleged failure to protect minors who use the video-sharing platform.

EU Internal Market commissioner Thierry Breton announced Monday that TikTok will face a formal investigation under the bloc’s flagship Digital Services Act — which empowers regulators to levy fines of as much as 6% of annual sales or ban repeat offenders from the EU.