In a move to sidestep potential penalties, TikTok has promptly submitted a risk assessment report concerning its latest application, TikTok Lite, to the European Commission. This action follows concerns expressed by the EU executive regarding the app’s reward system and its potential to engender addiction among minors. ByteDance, the parent company of TikTok, responded swiftly to the EU’s 24-hour ultimatum, ensuring compliance with regulatory standards. A spokesperson for TikTok confirmed the submission of the report, indicating the company’s commitment to addressing the EU’s apprehensions.
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Watch out for more tax cuts — or even tax hikes — as Republicans try for another budget bill -
Why ‘Rule of 10’ stocks like Nvidia and Meta are now poised for a comeback, according to Goldman Sachs
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Wall Street’s fear gauge just flashed an unusual signal that could carry the S&P 500 to 7,400 within months
