Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

EU to probe TikTok over potential online breaches

(Sharecast News) - The European Union is investigating whether social media platform TikTok has breached online content rules around child safety and whether it encourages addictive behaviour. "Today we open an investigation into TikTok over suspected breach of transparency & obligations to protect minors: addictive design & screen time limits, rabbit hole effect, age verification, default privacy settings," said EU Internal Market Commissioner Thierry Breton.

The probe is taking place under the EU's Digital Services Act (DSA), which requires online platforms and search engines to take tougher measures to tackle illegal online content and risks to public security.

ByteDance, TikTok's owner, could face fines of up to 6% of its global turnover if the short video platform is found guilty of breaching the DSA rules.

The European Commission said the investigation would look at how TikTok's designs its algorithmic systems which may stimulate behavioural addictions and/or create so-called 'rabbit hole effects', where users are lured into continual viewing of its videos.

It will also look at whether TikTok has put in place appropriate and proportionate measures to ensure "a high level of privacy, safety and security for minors" and compliance with DSA obligations to provide a searchable and reliable repository for advertisements.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

Frontier IP appoints new finance chief
(Sharecast News) - Intellectual property commercialisation specialist Frontier IP announced the appointment of Jo Stent as its new chief financial officer on Friday, effective from 22 April.
Directa Plus asphalt technology laid at Imola Circuit
(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.
Huddled Group buys Food Circle for £0.3m
(Sharecast News) - E-commerce investor Huddled Group announced the acquisition of online retailer Food Circle Supermarket on Friday, for total consideration of up to £0.3m.
Bens Creek shares fall as it moves mine into care and maintenance
(Sharecast News) - Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.