From Yahoo Finance: 2025-06-11 06:42:00

Meta Platforms and TikTok are challenging the European Union’s supervisory fee, calling it disproportionate and flawed. The fee, based on the Digital Services Act, amounts to 0.05% of annual worldwide net income for companies like Meta and TikTok. Meta questions the calculation method, while TikTok criticizes the use of inaccurate figures and discriminatory methods. The companies argue against double counting of users and exceeding legal power by regulators. However, the Commission defends its approach, stating that group profit is a valid reference for the fee calculation. The court will decide the outcome of this dispute.



Read more at Yahoo Finance: Meta and TikTok challenge tech fees in second highest EU court