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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A new struggle for global market share is developing, which is why oil prices are rising. -
According to reports, Zuckerberg's Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses. -
This year's second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.
