Meta and TikTok sue to get out of paying the EU’s fee for policing content

Meta and TikTok owner ByteDance are not keen on the idea of paying the European Union to regulate them. The companies have challenged a supervisory fee set forth by EU moderators, who are now required to monitor Meta, TikTok, and other major platforms under the Digital Services Act (DSA), Politico reports. Meta first announced its action, with ByteDance following suit a day later.

Under the current arrangement, all designated companies must split the €45.2 million ($48.7 million) that EU’s regulators argue is necessary to properly supervise the 20 Very Large Online Platforms and two Very Large Online Search Engines (VLOSEs). Each regulated platform has 45 million or more users with its financial contribution based on the size of that number. They also can’t owe more than 0.05 percent of its 2022 net profits. However, companies like Amazon and Pinterest that reported little to no profits won’t owe anything. Meta, on the other hand, got a €11 million ($11.9 million) bill under the current arrangement. ByteDance has not publicly announced how much it owes.

Meta takes issue with the European Union regulators’ methodology for choosing each company’s fees. “Currently, companies that record a loss don’t have to pay, even if they have a large user base or represent a greater regulatory burden, which means some companies pay nothing, leaving others to pay a disproportionate amount of the total,” a Meta spokesperson remarked. Failure to comply with the fee could lead to a fine of up to six percent of a company’s global revenue.

The DSA went into effect in 2023, with Meta’s and ByteDance’s VLOP designations came alongside other major sites, like Google and X, formerly known as Twitter. Along with the fee, VLOPs must comply with specific regulations like transparent advertising and content moderation, sharing data with the European Commission and cooperating with an annual independent audit.

online work 40685049 way to make money from home 85723278 online customer service jobs 32607263 how to get online jobs 4436993 apple online jobs 91764937 online jobs no experience 13984643 freelance online jobs 41680678 freelance work online 49856487 amazon online jobs for students 81775907 online jobs columbus ohio 43095230 how to get online jobs 77806955 online part time jobs 29082567 online jobs at night 83853133 transcription jobs from home 27082091 good online jobs 92334144 online teaching vacancies 13113 online jobs greensboro nc 63533243 best online jobs for teens 28574424 online jobs jamaica 59351290 hiring online jobs 4438124 online jobs in utah 94219456 apply online jobs hiring now 90745370 online jobs near me 18179625 get paid to write 6239629 digital marketing online jobs 82430107 part time work from home jobs 28976330 online jobs near me 61061076 online jobs daily pay 42012755 real ways to make money from home 15987006 online jobs dallas 3930438

Leave a Comment

Your email address will not be published. Required fields are marked *