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Excerpt from www.bloomberg.com
TikTok lost the first legal challenge to the European Union’s crackdown on Big Tech, after judges said the Chinese social media platform can’t escape a new law reining in the likes of Google and Apple Inc.
The EU’s General Court said TikTok parent ByteDance Ltd. is powerful enough to be covered by the bloc’s landmark Digital Markets Act, which took effect in March. The decision can be appealed to the bloc’s top court, the European Court of Justice.
